PeerPesa
@peerpesa
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Day 1: Stablecoin Adoption
On the financial side, countries such as Turkey, Argentina, & Venezuela are leading the way by using stablecoins to bypass currency exchange limits and keep the value of their hard earned savings. It also becomes 10x easier to send money to family members in developing countries. People can do so on demand without having to worry about exorbitant fees.
"in Latin America, stable cryptocurrencies play a more dominant role in transaction volume, exceeding 60% in most countries. In Argentina, for example, 80% of crypto purchases in exchanges during 2023 corresponded to stablecoins." - Lemon State of Crypto in Latam
And on the technology side, it's a matter of using stablecoin and blockchain payment infrastructure to enhance the products we have today. Think Polymarket global pools (see screenshot of Gaby & Bridget's piece below), PayPal's stablecoin hitting $1b, and even Merkle's 5 USDC "creator fund".
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