Following from Stripe, Moneygram, PayPal adding stablecoins, we now have the shopping platforms integrating stablecoins such as Walmart, Amazon and now Shopify. [0]
It's almost as if "stablecoin" is a term included to make it sound fancier, cooler, more modern, or maybe just to push it a little further away from being called "company scrip".
Telling investors you're going to make your own currency to bypass transactions fees from financial institutions seems like a fairly straightforward way to boost investor interest.
Wouldn't adding crypto mechanics to a virtual credit system just make for a costlier system due to mining?
If the transactions are maintained within an Amazon or Walmart ecosystem, there's no need for trustless verification, because you own the ecosystem. What's the point?
> Oh, our employees may make minimum wage, but they get (the speculative asset) Walmart Coin as a benefit that can be redeemed at any Walmart, equivalent to an extra 50% income! It's like stock options, but useful!!! Why, yes, we do still teach them how to apply for welfare programs!
Since, of course, cryptocurrency is not a currency somehow.
I just want cheap payment processing and banking with real fiat currency, with full backing of legal system.
Who doesn’t think the terms and conditions will include phrases like “in the company's sole discretion" and "reasonable opinion."
Check out Loblaw in Canada abusing their position in their reward program.
https://www.cbc.ca/news/gopublic/pc-optimum-loblaws-rewards-...
jqpabc123•7mo ago
And who wouldn't want that?