@sytaylor @sytaylor Why not Stablecoins on Blockchain for a Stablecoin payment? Fiat can optionally convert and settle on the backend of the transaction. Less steps, less fees...

@pushhandle The post suggested exactly that ...

@sytaylor Well written as always. When I write a blog post and I’m not saying this to gas you up I think to myself “aspire to Simon’s standard”. There’s very few people that I think that about.

@nic__carter Kind words sir All I can see is 1. I didn't put the word "ago" after decade. 2. I should have drawn what the card flow would look like if merchants, PSPs or banks accepted stablecoins for instant settlement

@sytaylor Why is the collateral loan rate 4%? How did we arrive at that number.

@sytaylor Great write up! btw, “Self-custody" is a double-edged sword. If you lose your password (your "private key"). Money is gone. That's a terrifying for a normal user.” This can easily be solved with smart accounts & good recovery mechanisms that mimics all fintech 2FA flows

@sytaylor > If you lose your password (your "private key"), there is no 1-800 number. > Your money is gone. Forever. This is a needless and avoidable issue that only exists because just about every blockchain system in operation today is developed with highly naive ledger architectures

@sytaylor are they really "self-sovereign" if the card issuer still decides which transactions to authorize?

@sytaylor Spot on with "For the consumer in the global south a stablecoin-linked card is freedom." On-ramp / off-ramp in emerging markets is far from seamless. Cards fix this (at least the off-ramp side)

@sytaylor Good piece Simon, I enjoyed every bit of it and I share your optimism and focus on vaults

@sytaylor Well explained; instant settlement is a feature, not a strategy. The binding constraints remain liquidity, credit & the regulatory perimeter, so who bears duration/issuer risk on reserves & under which supervision?

@sytaylor Great article!! Thank you

@sytaylor Enjoyed this!

@sytaylor You should check this: We can build much better onchain credit cards, not just borrow & spend.

@sytaylor amazing write up Simon!

@sytaylor not about injecting advertisement into mass adoption, but injecting transactions into it really insightful cover on how the future will soon be reshaped around stablecoins I rlly enjoyed this read,...