The Popularity of Stablecoin Payments is Challenging, Mastercard: Technology Alone is Not Enough🚧
I just came across the words of Mastercard's Chief Product Officer, quite interesting～
Currently, 90% of stablecoin transactions are still stuck in the crypto circle; to become a daily payment tool, technology (high speed and low cost) is just the foundation—user experience and channel coverage are the real hurdles.
However, Mastercard hasn't been idle; while claiming it’s difficult, they are busy collaborating with Paxos, aiming to be the bridge between traditional finance and digital assets, leveraging their merchant network and compliance capabilities to scale stablecoins...
In the short term, stablecoins are likely to remain as “internal circulation” within the crypto circle; to achieve true daily payments? There’s still a long way to go～
