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139 sats \ 0 replies \ @BlokchainB 15 Jun \ on: Stablecoins Entering the Financial Mainstream (Financial Times, Philip Stafford) econ
Payments on legacy banking rails suck donkey balls.
- ACH sucks - settlement takes forever
- Credit Cards suck — high fees high interest rates
- Paper Checks suck
- Cash is okay until you hit $10k then the Feds are watching 👀
- Wires suck - paper work involved and high fee for small amounts
Stablecoins is a way better form of banking/payments versus the KYC 100% cucked bank account 99% of American Bitcoiners have.
I just wish stables weren’t on shitcoin chains