PANews reported on January 31 that, according to Coindesk, executives from Visa and Mastercard gave cautious assessments of digital assets, particularly stablecoinsPANews reported on January 31 that, according to Coindesk, executives from Visa and Mastercard gave cautious assessments of digital assets, particularly stablecoins
Visa and Mastercard executives: Not optimistic about the application of stablecoins in everyday payments.
PANews reported on January 31 that, according to Coindesk, executives from Visa and Mastercard gave cautious assessments of digital assets, particularly stablecoins, during this week's earnings calls. They believe that stablecoins currently have almost no market fit in the everyday consumer payments sector, especially in highly digitized markets.
Both card organizations are experimenting with blockchain and stablecoins for settlement, but they believe that most cryptocurrency activity is currently trading and speculative rather than posing a short-term threat or opportunity to their core business.
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