Stablecoins kinda remind me of how Revolut disrupted banking in Ireland.
Banks was awful in Ireland, and mostly still is.
Terrible online banking apps, cross bank payments up until a few months ago took a day to clear, even same bank transfers could take a few hours.
International payments were a horrible experience, massive fees and 5+ days to clear.
Along came Revolut, free peer to peer transfers, great online banking UX, free replacement cards, extras you actually wanted, access to instant international transfer at low costs, crypto intergration etc.
At one points, I could get a bank to bank transfer to settle quicker by depositing into Revolut first and then withdrawing out to the destination bank.
In less than year every single person I knew at least had a Revolut account, with a few making it their main bank account they got paid into.
Stablecoins is this, but 100x. 1 reply
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