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Topic: Do you think that STABLECOINS are needed in the future of crypto payments? (Read 1651 times)

member
Activity: 532
Merit: 18
Bitcoin lover!
I believe that we will need stable coins for a very long time. If the market reaches such a development that every coin or token will have a direct exchange for fiat, then perhaps stable coins will lose their value. In the meantime, stable coins greatly facilitate our work with cryptocurrency.
member
Activity: 924
Merit: 11
Yes, I think that stabil coins is very needed for cryto market and that is next biggest hype in crypto world. Next year will be the year of stable coins - my opinion. But when hype is gone - this kind of coins will not needed anymore. Now is time to hold a stable coins.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
Do you think that STABLECOINS are needed in the future of crypto payments?

If you have an opinion on this subject, leave a comment, or follow this link and cast your vote Wink https://twitter.com/CP_Processor/status/993797972860301312

[im g]https://i.imgur.com/dLU5YjS.png[/img]
I think they are needed for near future but not for too long.
Yeah, it is hard to accomplish adoption without stable coins but for how long ?

I think if we can manage to make some sort of bitcoin or generally crypto payment accepted a lot of places in the world thanks to stablecoins (the buyer can pay with any coin they like but the seller gets stablecoin instead which they can turn into cash) but that should not be too long because there will be a time when banks start using bitcoins in their systems and even store some in their banks which means just like your bank account is your "wallet" in fiat currency it will also become your wallet for your crypto and at that time we will not need stablecoins at all since we will be capable of paying with crypto anywhere we like.
I think yes, we need a stable coin in the future if crypto are we using as payment in the future because if its unstable surely all of us will never used it as payment and they will only hold it. The mindset of all of us is the unstable coin is much better to become an asset than used it as payment in transactions.
legendary
Activity: 1176
Merit: 1024
Do you think that STABLECOINS are needed in the future of crypto payments?

If you have an opinion on this subject, leave a comment, or follow this link and cast your vote Wink https://twitter.com/CP_Processor/status/993797972860301312

[im g]https://i.imgur.com/dLU5YjS.png[/img]
I think they are needed for near future but not for too long.
Yeah, it is hard to accomplish adoption without stable coins but for how long ?

I think if we can manage to make some sort of bitcoin or generally crypto payment accepted a lot of places in the world thanks to stablecoins (the buyer can pay with any coin they like but the seller gets stablecoin instead which they can turn into cash) but that should not be too long because there will be a time when banks start using bitcoins in their systems and even store some in their banks which means just like your bank account is your "wallet" in fiat currency it will also become your wallet for your crypto and at that time we will not need stablecoins at all since we will be capable of paying with crypto anywhere we like.
member
Activity: 364
Merit: 37
PRIVACY WITHOUT COMPROMISE
Probably, we need them now, but we will not need stablecoins in the future because increasing volumes will decrease the volatility. Crypto will be as volatile as present fiat.
I cant imagine that in the near future the volatility will decrease drastically. We will need some stablecoins. However, those who take payments can just take risks and accept crypto by the current quotation
legendary
Activity: 1456
Merit: 1022
Probably, we need them now, but we will not need stablecoins in the future because increasing volumes will decrease the volatility. Crypto will be as volatile as present fiat.
jr. member
Activity: 252
Merit: 1
A very necessary thing on crypto-countertops. Because many exchanges do not have support for fiat money, because stable coins are an excellent solution for storing funds on the exchange. You never know when there will be another drawdown in the market.
The problem in this question is only one, that the issue of coin staples has become a hype, therefore the probability of a scam may increase.

You are right, that is why there is an urgency to create stablecoin standards that would contribute to a healty and trustworthy ecosystem
jr. member
Activity: 252
Merit: 1
They are needed to fix your profit. just imagine BTC will go to 20 k again and what will you do next?
I would fix profit in usdt and then wait for correction.

You wouldn't choose some of the more reliable, regulated stablecoins?
member
Activity: 392
Merit: 10
A very necessary thing on crypto-countertops. Because many exchanges do not have support for fiat money, because stable coins are an excellent solution for storing funds on the exchange. You never know when there will be another drawdown in the market.
The problem in this question is only one, that the issue of coin staples has become a hype, therefore the probability of a scam may increase.
member
Activity: 574
Merit: 10
They are needed to fix your profit. just imagine BTC will go to 20 k again and what will you do next?
I would fix profit in usdt and then wait for correction.
jr. member
Activity: 252
Merit: 1
Think need their in the future there. If the Fiat money will disappear and will not need to somehow fix the profit that makes sense in these coins will not.


It doesn't seem plausible that fiat money will disappear any time soon. Stablecoins are meant to ease up the mass adoption of crypto, and not to eradicate fiat money completely. Just to enable quicker transactions and payments throughout the world, because cryptocurrencies such as bitcoin and ether cannot fulfill that need because of their extreme price volatility
sr. member
Activity: 714
Merit: 253
Think need their in the future there. If the Fiat money will disappear and will not need to somehow fix the profit that makes sense in these coins will not.
jr. member
Activity: 252
Merit: 1
I think that stablecoins are essential to make crypto be used for everyday payments but this stablecoin have to be really pegged and certified be a trusted third part

Absolutely agree!
full member
Activity: 602
Merit: 100
I think that stablecoins are essential to make crypto be used for everyday payments but this stablecoin have to be really pegged and certified be a trusted third part
jr. member
Activity: 252
Merit: 1
Dear community, our abstract Evolution of money - Stablecoins is up for voting on FINTECH BOOK website!

Please support our idea and #stablecoins and help us get published in the next @PayTECHBook !
Login to their website and vote for us! Thank you! http://app.thefintechbook.com/thepaytechbook

This is a huge opportunity, not only for CP Processor, but for stablecoins in general. We have a chance to promote this idea in one of the most influential books in the financial ecosystem. Help us raise awareness on stablecoins - the future of  blockchain payments!
jr. member
Activity: 252
Merit: 1
In the effort to further raise awareness on stablecoins in general, we decided to make the first standardized stablecoins questionnaire. Before standards can be established, we need to get feedback from everyone in the community. It is essential that we all work together to create these standards.

That is why we have created this survey with proposed questions that any stablecoin will have to answer before calling itself a proper stablecoin. We expect you to tell us which questions you would exclude from this questionnaire and to add those that are missing.

Here is a link to the survey - https://docs.google.com/forms/d/e/1FAIpQLSdmpAXOOOkNS94BJ18fneTAgtMnVpzG2XXnqr1ttRwrxLj2Cw/viewform?usp=sf_link

Thank you for your cooperation!
jr. member
Activity: 252
Merit: 1
📯Real tests of #stablecoins are coming!!! Don't miss it! Follow us on Medium!

https://medium.com/cp-processor/questions-for-stable-coins-review-e73ba5931171
jr. member
Activity: 252
Merit: 1
Take a look at this questionnaire we made for our #StableCoinsREVIEW
We want to hear your thoughts. Is there anything else we should ask these stable coin teams?

https://medium.com/cp-processor/questions-for-stable-coins-review-e73ba5931171
sr. member
Activity: 728
Merit: 251
For sure, it is..
Bitbay, bitCNY/bitUSD and such projects will have it`s say, when the demand will get higher for stablecoins..
jr. member
Activity: 252
Merit: 1
Here is an update of StableCoin Overview Report!

https://docs.google.com/spreadsheets/d/e/2PACX-1vTf2gZZJrpSXCxcx_pE4Sjta2lDnDXWbK0ARgoIw_HkYGoIdFtfi0QRJs3DFMnoaQm47cOxeS-0gSiI/pubhtml#
What's new: Paxos and BitBay added!

Let us know of the new stablecoins and major updates about your favourite stablecoin projects, and we will include them in our next update!
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