Investors keep asking me about stablecoin, and how that can reduce FX fees; if you send money from USD to EUR, and the receiving end still requires to receive EUR in their bank, I can’t see any ways stablecoin can reduce fees - off ramping from stablecoin to recipient currency are far more expensive than the FX interbank market.
Crypto is a area I had never be able to understand. I still don’t see a single use case yet on how crypto is helping anything in the last 15 years.
Even stablecoin is less volatile, I don’t see how it will help B2B transactions unless it’s related to the very exotic currencies and the liquidity is so small anyway.
Unlikely AI, the use case is real and everyone, we all use some sort of AI tools everyday. Stablecoin, how many people is using it ?
I still remember I was like an idiot in 2021 as everyone is talking about crypto and the market went crazy on it. @a16z even posted a white paper about the web3 future. I still don’t see that future.
@a16z This year I felt like I’m that total idiot again as I can’t see the future of using stablecoin to do cross border transactions in G10 currencies. We are moving money at the cost of less than 0.01% and real time. You can’t be cheaper than free and faster than real time.
@a16z I see a real use case that @stripe might offer stablecoin wallet infrastructure through the Bridge acquisition to consumers in Latam or Africa countries .. but that’s a regulatory arbitrage.
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