Visa and Mastercard executives: Not optimistic about stablecoin applications in everyday payments

PANews January 31 News, according to Coindesk reports, during this week’s earnings call, executives from Visa and Mastercard both made cautious assessments of digital assets, especially stablecoins. They believe that stablecoins currently have little market fit in the realm of everyday consumer payments, particularly in highly digitalized markets. Both card organizations are experimenting with blockchain and stablecoins for settlement, but they believe that most cryptocurrency activities at present are trading and speculation, rather than posing a short-term threat or opportunity to their core businesses.