Crypto hails Senate vote on stablecoin bill
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Mastercard Incorporated (NYSE:MA) is among the 11 Best Financial Services Stocks to Buy Right Now. According to Barclays, a recent Wall Street Journal article concerns that stablecoins upending Visa and Mastercard Incorporated (NYSE:MA) are overblown.
Walmart and other retailers reportedly are exploring stablecoin ventures, but some analysts are doubtful these will take off with shoppers.
Visa faces a disruptive threat from major customers Amazon and Walmart developing in-house blockchain-based payment solutions. Find out why V stock is a Sell.
The firm's stablecoin clearing system aims to facilitate adoption by solving the stablecoin sector's fragmentation problem.
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Zacks.com on MSNCan Visa Solve the High Remittance Fees Problem With Stablecoins?Digital Remittances Adoption Report points to a clear shift in consumer behavior across North America, with a strong preference for digital apps over traditional remittance methods like cash or checks.
Mastercard (NYSE:MA) stock dropped 4.9% and Visa (NYSE:V) sank 5.3% in Friday late morning trading after a report said massive retailers Amazon.com (AMZN) and Walmart (WMT) are considering stablecoin payment systems that would bypass traditional payment rails.
Visa and Mastercard battle for dominance in digital payments, but Visa edges ahead with stronger margins and scale.
Ubyx, backed by Peter Thiel's Founders Fund and other top investors, raises $10M to build a global stablecoin clearing system.