GO CASHLESS: THE RISE OF STABLECOINS AS PAYMENT

Going cashless is nothing new. In fact, in much of the world, digital payment tools like debit and credit cards, chip and pin, WeChat and contactless payments have replaced the cash economy altogether. However, a whole new cashless payment method is finding its footing—bitcoin wallets. With this, consumers can purchase anything they want as easily and quickly as using social media.

What makes bitcoin wallets appealing is how they make the transaction process fast and efficient through your mobile phone. This technology is becoming widespread as well as adopted, and it paved the way for another payment method: stablecoin.

A stablecoin is a digital currency pegged to a fiat currency, such as the U.S. dollar or the Euro, making it a practical and viable choice for activities that involve payments on a blockchain network for both large and small values. Think of it as a digital wallet that is secure, fast, and affordable, while having the usability of a fiat currency.

To further understand how stablecoins are fast becoming a payment alternative and revolutionizing cashless payments, take a look at the infographic below.

Original Source: CoinGeek