This might sound like a weird question but bear with me please:

Why do we want USDC retail payments (esp. in countries like the US?)

Not benefits. I'm talking about bigger strategic goals here. What happens when daily consumer payments happen w/ stablecoins?

This might sound like a weird question but bear with me please:

Why do we want USDC retail payments (esp. in countries like the US?)

Not benefits. I'm talking about bigger strategic goals here. What happens when daily consumer payments happen w/ stablecoins?
 https://x.com/jonwu_/status/1823367216797986854

Front toward enemy. @seyitaylor on twttr. 

The main answer is around lower fees / better margins (definitely true and valid) but that won’t make it take off

Businesses ofc like lower fees, but that doesn’t benefit the consumer — unless the saved $ from lower fees is passed on as a discount (rare)

Until crypto has cashback it will struggle against CC imo

I’m a big believer in onchain commerce and believe it’s the future, it’s just having built an onchain shopping platform and talking to a lot of (even crypto native) consumers, the #1 thing holding them back was “why would I pay with crypto when I can use my AmEx”

Made me mildly bearish until we solve the problem — hopefully soon!