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A comment on MasterCard to open up network to cryptocurrencies. Parent comment

Re:MasterCard to open up network to cryptocurrencies by ccheney on Thursday February 11, 2021 @02:00PM (#26105667)
You're right, we're still not there yet. I love the idea of cryptocurrency but it's being treated more like a speculative investment vehicle than a currency for goods & services. Sure, you can buy some stuff with it but its volatility is generated through all of the speculators.

It needs to be stabilized if we're ever going to replace fiat currency.

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Re:MasterCard to open up network to cryptocurrencies by l_pan_ on Thursday February 11, 2021 @02:43PM (#26106149)
It has already been https://www.investopedia.com/terms/s/stablecoin.asp

Andreessen Horowitz invested $15 million in https://en.wikipedia.org/wiki/Dai_(cryptocurrency)

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Re:MasterCard to open up network to cryptocurrencies by toomuchtodo on Thursday February 11, 2021 @02:57PM (#26106317)
What happens to stablecoins when central banks hand out digital wallets [1] to everyone alongside instant payments [2]?

[1] https://www.atlanticcouncil.org/blogs/econographics/the-rise...

[2] https://en.wikipedia.org/wiki/Instant_payment#Examples_of_in...

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Re:MasterCard to open up network to cryptocurrencies by GoblinSlayer on Thursday February 11, 2021 @03:17PM (#26106552)
Fiat systems impose the risk of opacity, regulatory heuristics and reversible transactions.
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