Home / Ethereum / Ethereum and Stellar can take over global payment networks like Visa, says Blockchain Consultant at Citi Ventures

Ethereum and Stellar can take over global payment networks like Visa, says Blockchain Consultant at Citi Ventures



"Fiat's stablecoins will finally dominate the retail industry, and for customers, the experience will not be different from using any other mobile wallet to be paid at the cash desk, but for dealers, blockchains used will generate huge savings. "

Ethereum-based products will be programmable through smart contracts that have the potential to alleviate bottlenecks on the banking side, but will first have to resolve consumer usability issues. Dashboards, easy-to-use interfaces and portfolios, along with returns and chargeback infrastructure, are essential for buyers who feel comfortable with credit cards and see no reason to change their habits expenditure, despite high commissions and delays.

"In the long run, the mass adoption of stablecoin will be one of the best things that will happen to the blockchain industry just like most users have had to use the World Wide Web with solutions halfway as America Online , the stablecoins will familiarize millions of people with the process of using a blockchain. "

Stablecoin Stronghold USD, for example, is designed as a cryptimide guaranteed by the FDIC. The value of similar products goes beyond efforts to stabilize Bitcoin. Millions of global traders can generate value in the stablecoin through their use case for trade.

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