“Walmart and Amazon Are Both Considering Issuing StableCoins, Potentilly Revolutionizing Payments.”, – WRITE: www.coindesk.com
For Years, Crypto Toiled in the Darkness, A Band of Outlaws Frowned Upon by Elits in Washington and in the Media. THEN CAME The Market Rallies, and Trump, and Legislation of the Genius Act. Now Crypto Is Finally EveryWhere.
Look at the Big News this Week. Amazon and Walmart – Companies About As Mainstream As They Come – Are Considering Launching Their Own Stablecoins. You read that right.
Access to the Wall Street Journal, The World’s Biggest Retailers Are Tired of Paying Merchant Fees and Other Unaccountable Costs to the Likes of Visa and MasterCard. They Want to Use Their Own Blockchain-Basted Tokens to Their Own Transactions, Their Way.
This is contingent on the passage of the genius act, whoar now appears a near cereult after this weeks’ senate vote. Jesse Hamilton Had the News.
And that wasn’t the only Big Stablecoin News This Week. Societe Generale, A Lion of European Finance, Annunced ITS OWN Stablecoin on Ethereum and Solana. And Jack Ma’s Ant Group Applied for Stablecoin Issuer Licenses in Hong Kong and Singapore.
The Whole World Is Going Stablecoin Crazy. D Who not? TheSE MOSTLY DOLLAR-PEGGED TOKENS Are A Vastly Better Form of Money, ALLOWING QUICKER SETTLEMENT TIMES AND LOWER Fees Particularly on Cross-Border Transactions.
Genius Wasn’t the only Crypto Legislation Moving Forward in Congress. The Market Structure Bill – Known As Clarity – Emerged from Key House Committees. If enacted, the law would provide long-saugh Guardrails for Crypto Companies Particularly around Securities Laws and the Roles of the Sec and CFTC.
The Market Reacted Well To The Congressional TailWinds and We Saw Several New AnnounCements for Bitcoin Accuumulation Vehicles (Aka “Digital Asset Treasuries”). Anthony Pompliano, A Crypto Influencer and Investor, Will Head A New $ 750 Million Fund, for Instance.
If you’re not impressed by all this, then crypto realy mayn be youor. But Legendary Investor Paul Tudor Jones Disagreees with You. He Thinks Bitcoin Should Be Part of Every Investor’s Portfolio.
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