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Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Mastercard, Visa play down stablecoin threat The giant card networks are sifting through the opportunities and threats that stablecoins present for their businesses.
This composability risk has been likened to a house of cards: great when it works, but one weak link (say a stablecoin depegging or a smart contract exploit) can affect many layered applications. Governance and Regulation: When open banking emerged, it didn’t do so in a regulatory void – quite the opposite.
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. You Can’t Spend It. Privacy And Security.
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