It only makes sense that we will see retailers accepting stablecoins at some point. We truly need to develop that aspect of the industy.
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It only makes sense that we will see retailers accepting stablecoins at some point. We truly need to develop that aspect of the industy.
Posted Using LeoFinance Beta
The crypto industry should be more focused on microfinance which has huge potential in the retail market. And for that it is also needed to ensure a better popular network with negligible gas fees and a truly stable stablecoin. We are advancing in that direction, but the noise around USDT and the fiasco like UST should stop to imbibe confidence.
I see it makes a lot of sense in places like Venezuela, which had the perfect scenario for that because of the crisis. With inflation, a shortage of local cash, and a devalued currency that continues to devalue every day. Those who do not have access to dollars or euros seek refuge in cryptocurrencies and stablecoins represent a great alternative to try to circumvent the crisis.
However, in developed economies, I see it as more difficult because what is the incentive that the common citizen can have to use them daily.
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