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Visa challenges the legitimacy of stablecoins as a payment technology - TechSpot

Retrieved on: 2024-05-07 19:13:46

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Summary

The article discusses the challenges faced by stablecoins like Worldcoin in achieving widespread adoption, revealing most transactions are not by real users. Visa, alongside Allium Labs, developed a new metric to detect genuine activities amidst a predominance of automated and high-volume trading. Despite interest from companies like PayPal, stablecoin adoption remains tepid, with barriers such as complexity hindering user adoption.

Article found on: www.techspot.com

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