| ▲ | 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... | ||||||||
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| ▲ | stevage 10 hours ago | parent | prev [-] | |||||||
How do stablecoins fit in here? You can buy a car with crypto but not cash? | ||||||||