A new report by cryptocurrency and blockchain advisor, George Samman, titled The State of Stablecoins 2019, details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.
Here is the link to the article:
https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-moneyAre any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh
When you ask real world merchants and consumers what deters them from paying with crypto, then volatility is the #1 issue, #2 is buyer-seller protection and #3 is complexity.
When you consider payments on mass scale, it is clear that merchants wont accept a coin that can decrease in value and consumers wont pay with a coin that may appreciate in value. It also keeps the enterprises and big merchants out as they dont want to amplify business risks. It was clear that a price stable coin would be highly necessary.