Retailers Seen Using Stablecoins to Press Back Against Card Fees

Stablecoins have become a popular term in the world of finance, with US legislators close to passing the first regulations for mainstream use of cryptocurrencies pegged to the dollar.

For many retailers, stablecoins offer a new way to challenge the fees they pay to accept customer cards from companies like Visa Inc. and Mastercard Inc. Shopify Inc. recently announced a partnership allowing merchants on its platform to accept stablecoin payments powered by Stripe Inc and Coinbase Global Inc. While immediate settlement is attractive, it’s only beneficial if merchants can also use stablecoins for vendor payments and operations, according to Sanjay Sakhrani, Managing Director at Keefe, Bruyette & Woods Inc.

Mastercard has also introduced support for stablecoin settlements for merchants. PayPal Holding Inc. is working on a platform to help merchants make international supplier payments using stablecoins.

Kingsman | Financial Advisor

Kingsman a 35-year-old financial advisor from London, UK, epitomizes the blend of analytical prowess and personable guidance. With a decade of experience in the financial sector, Kingsman has cultivated a reputation for his strategic approach to wealth management and investment advising. His journey began at the University of Oxford, where he graduated with honours in Economics, a discipline that fueled his fascination with the financial markets and their intricacies.

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