VaultRAM (V)

Bill Gurley says Visa and Mastercard will be "heavily threatened" by stablecoins.

From The Knowledge Project this week:

"Those two companies have two of the highest operating margins in the history of business. They have like 60% operating margins, and they're duopolies, and they were created by the banks. So the whole industry is kind of stuck in this world where they make a lot of money because it is this way. But there's zero reason why it should cost 2 or 3%. Just zero.

In America, if I want to send you 50 bucks digitally, I've got to go through ACH, which is 3-day settlement, which is part of this regulatory capture bullshit... If you have a Coinbase account, you can put your money in a USDC stablecoin and earn 4%, and within seconds immediately transfer money to someone else for pennies...

At this point, I think stablecoins will get there faster than the government will be able to do it."

$V $MA

Agree or disagree?