How Stablecoins Become Currency We Use To Buy Coffee

If Satoshi Nakamoto had a big gripe it was this: commerce on the internet relied entirely on financial institutions to process electronic payments. What was needed was an electronic cash system that would allow people to bypass third parties and transact directly with each. Enter bitcoin.

Nakamoto’s endeavor was wildly successful, but in an unintended way. Rather than being adopted as an online payments platform, bitcoin ended up as an incredibly popular peer-to-peer gambling product. The very feature that makes bitcoin so exciting and addictive—its volatility—has prevented it from becoming a serious alternative to payment networks like Visa or PayPal.

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