From Pymnts · PYMNTS · · 1m 10s
Stablecoins Need to Get Behind Cards, Not Replace Them
Stablecoins should support cards instead of replacing them for seamless payments.
In brief
Stablecoins should support cards instead of replacing them for seamless payments. Stablecoins can enhance card payments by funding transactions without replacing checkout processes. Originally reported by Pymnts.
Stablecoins and Cards
The stablecoin industry has spent too much time reinventing checkout when consumers already use cards for purchases.
“If you look at stablecoins without cards, it’s very hard to spend them”
Cards Solve Acceptance
Cards already handle merchant acceptance, fraud, and disputes, making them central to stablecoin opportunities.
“Cards solve the acceptance problem”
42% Want to Use Stablecoins
42% of stablecoin holders want to use them for major purchases, compared with 28% who actually do.
“42% of stablecoin holders want to use them for major purchases”
Stablecoins as Invisible Funding
Stablecoins should use cards as the last mile, becoming the infrastructure behind payments without replacing them.
“It’s simple, it’s always on. It’s seven days a week. It’s 24 hours a day”
Cross-Border Advantage
Stablecoins offer faster cross-border payments without waiting for traditional banking hours.
“For most of our customers, that reason is cross-border”
One Card, Many Balances
A single card credential could connect to stablecoins, debit, credit, and other balances for seamless transactions.
“I think it’s one card, but it’s many balances”
Future of Payment Infrastructure
The real competition is which entity controls the balance closest to the transaction and funds it in real time.
“The card becomes less an extension of one account than a router across money”
The one thing
Stablecoins can enhance card payments by funding transactions without replacing checkout processes.
