> What happens when merchants realise they do not need Stripe to accept stablecoin payments, or any software-as-a-service vendor.

1. Consumers have cards. They want to use cards. They like cards.

2. Good luck convincing merchants to switch underlying ecommerce and accounting platforms.

3. Will stablecoin payments grow? Yes. But it has to be driven by consumer interest, not merchants.

"Stripe charges a 1.5% fee for stablecoin payments, settled in USD" 

What happens when merchants realise they do not need Stripe to accept stablecoin payments, or any software-as-a-service vendor.

If you are running a low-margin international eCommerce business (think Temu, but https://t.co/Bb5ETsmrZx

Mikko Ohtamaa

> What happens when merchants realise they do not need Stripe to accept stablecoin payments, or any software-as-a-service vendor.

1. Consumers have cards. They want to use cards. They like cards.

2. Good luck convincing merchants to switch underlying ecommerce and accounting platforms.

3. Will stablecoin payments grow? Yes. But it has to be driven by consumer interest, not merchants.

https://x.com/moo9000/status/1972588881733095900

1 is very us centric. Rest of world credit card points not so good. Uk might be closest. Eu almost negligible. 

Agree with the rest

Applied AI, open source developer, databases, data, vibe coding (sic.), remote. 

itinerant businessperson. globalist.

Currently building Mitsukeru.

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

> 1 is very us centric. 

US is where the big profit $ are for most things on the Internet. China is the exception to the rule.

True. You have other insular economies like South Korea where it’s big too but they solve for themselves