Remix.run Logo
Saline9515 11 hours ago

Stablecoins enable cash-like (instantly redeemable and verifiable) payments for large amounts, for almost free.

In EU countries, you can't now buy a car with cash. You have to buy a bearer's check from your bank, which is expensive, requires that both parties have a brick and mortar bank, and doesn't work cross-border. Stablecoins solve this.

Ekaros 3 hours ago | parent | next [-]

It was good while ago, but last time I bought a car I just did bank transfer. SEPA transfers are entirely free. Was kinda amazed that they just handed me keys when I showed them the receipt from my own online bank...

fc417fc802 2 hours ago | parent [-]

It's a calculated risk. They know the VIN number and I assume made a copy of your photo ID.

stevage 10 hours ago | parent | prev [-]

How do stablecoins fit in here? You can buy a car with crypto but not cash?