stablecoins

Stablecoins represent a way to completely disintermediate the entire banking system, replacing vaults with cryptography, and expensive private payment networks with the free internet. This means the demise of traditional banks.

Whether you understand it or not, the nature of money is changing forever. As soon as people get used to using digital money, like stablecoins, they’re going to ask themselves a simple question: why bother using the U.S. dollar at all?

Over time, the establishment of stablecoins will lead to a complete revolution in banking. This is like Netflix coming for Blockbuster. All of the reasons physical banks needed to exist just disappeared.

Stablecoins are a threat to world’s payment networks like Visa, Mastercard, and PayPal, but they are a far bigger threat to banks. If you can use and hold stablecoins safely, you simply won’t need a bank anymore.