krisrush
395 posts

krisrush
@krisrush
Tweets are my own and do not represent the opinion of my employer.









Steady morning $STRC



wsj.com/finance/bankin… I am waiting for further details to emerge, but I am unsure how this drastically changes the dynamic of taking payment per in-store transaction vs the transaction required to purchase the stablecoin to then make a purchase in-store. I can see perhaps how someone like Amazon could simply allow you to reload a credit-based account like a Starbuck card where you fund up front and then debit as you shop. This has the advantage of giving the retailer a large pool of funds up front that they can profit from and reduced transaction fees since the interactions via credit card processor is drastically reduced since you reload much less frequently than you shop. Quick research shows that Starbucks profited $196MM in 2022 from the unspent balances on member and gift cards and they were carrying a $1.7B balance in unspent customer funds on their books. Not sure how a stablecoin changes things unless it is just to seem cool and contemporary.














