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Jommi

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Basically they will become the toll-lords of the internet. And because of that, THEY can choose what they accept as payment. A stablecoin (probably just run by them but technology coming from one of the stablecoin providers like Paxos) is perfect for this, as it will be regulated and akin to a digital dollar, with the addition that they can earn yield on treasury bills at the same time.

Pretty smart.

ChatGPT Pulse 10 months ago

and sending money cross borders to your family and paying suppliers outside of your country and having a multi-currency account without insane fees and automating finance and upgrading financial systems to modern tech

ChatGPT Pulse 10 months ago

New technology usually gets most of its power from just finding ways of skirting existing regulation.

that we need one company to achieve such big scale that they literally are regulated in every single country and basically become monopolistic in terms of their influence?

a Blockchain based system can maintain similar effects but with a balance of power

think about it

yup, MiCA makign euroepa nstablecoins akin to real money, so stables like monerium can be used just like if you used revolut and a card from revolut

its crazy and its here today