Stablecoins Were Built to Replace Visa — Now Visa Is Dominating Crypto Card Payments. Here's What Happened
76d ago · 1 source
Despite stablecoins being originally designed to bypass traditional payment networks like Visa and Mastercard, Visa has successfully positioned itself as a dominant player in crypto card payments. The legacy payment giant has integrated crypto and stablecoin functionality into its existing infrastructure, effectively co-opting the technology rather than being disrupted by it.
WHY IT MATTERS
Imagine stablecoins as digital dollars that were supposed to let you send money directly to anyone — like handing cash to a friend — without needing a company like Visa in the middle taking a small fee. But instead of being replaced, Visa basically said, 'Cool technology — we'll use it too.' Now Visa lets you spend stablecoins through regular card swipes at millions of stores. It's like if email was invented to replace the post office, but the post office started delivering emails and stayed in business. For everyday crypto users, this means spending crypto is getting easier, but the old financial gatekeepers aren't going away — they're adapting.
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Educational only — not financial advice.