Post
Topic
Board Altcoin Discussion
Re: StableCoins might increase crypto adoption by big companies ?
by
Dellosoft
on 13/11/2019, 20:43:20 UTC
You all might be knowing that Steam used to accept payments in bitcoin through BitPay, but they abruptly stopped it stating the price volatility of bitcoin to be the issue.
Stablecoins eliminates this very issue, could this encourage Steam or other companies like Amazon,etc. to start incorporating cryptocurrencies into their payment systems.
Is it possible some stablecoin might outperform bitcoin regarding this?
No stablecoin can outperform bitcoin when it comes to acceptance in this regard, but obviously mainstream companies might prefer to accept stable coins due to the market volatility. For instance, an online store in my zone previously accepting BTC, ETH and USDT now accepts only USDT, for same volatility reasons.