Post
Topic
Board Altcoin Discussion
Re: StableCoins might increase crypto adoption by big companies ?
by
landoffaucets
on 17/11/2019, 20:09:19 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?
Yeah, but the problem with stablecoin is that these coins are backed by fiat money, and these money are not backed. So, they do not solve the problem with centralized power, they are not an alternative to the bank system, they only use blockchain technology and that´s all.