Senate Passes Stablecoin Bill
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Mastercard Incorporated (NYSE:MA) is among the 11 Best Financial Services Stocks to Buy Right Now. According to Barclays, a recent Wall Street Journal article concerns that stablecoins upending Visa and Mastercard Incorporated (NYSE:MA) are overblown.
Walmart and other retailers reportedly are exploring stablecoin ventures, but some analysts are doubtful these will take off with shoppers.
Visa faces a disruptive threat from major customers Amazon and Walmart developing in-house blockchain-based payment solutions. Find out why V stock is a Sell.
The firm's stablecoin clearing system aims to facilitate adoption by solving the stablecoin sector's fragmentation problem.
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Zacks.com on MSNCan Visa Solve the High Remittance Fees Problem With Stablecoins?Digital Remittances Adoption Report points to a clear shift in consumer behavior across North America, with a strong preference for digital apps over traditional remittance methods like cash or checks.
Mastercard (NYSE:MA) stock dropped 4.9% and Visa (NYSE:V) sank 5.3% in Friday late morning trading after a report said massive retailers Amazon.com (AMZN) and Walmart (WMT) are considering stablecoin payment systems that would bypass traditional payment rails.
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Cryptopolitan on MSNVisa and Mastercard shares dip on stablecoin adoption fearsVisa and Mastercard stocks lost over $60 billion in value as merchants explore stablecoin alternatives to traditional payment networks.
Ubyx, backed by Peter Thiel's Founders Fund and other top investors, raises $10M to build a global stablecoin clearing system.
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Zacks.com on MSNThe Zacks Analyst Blog Highlights Visa and MastercardVisa and Mastercard battle for dominance in digital payments, but Visa edges ahead with stronger margins and scale.
Visa (NYSE:V) stock fell 5.4%, Mastercard (NYSE:MA) dropped 4.6%, and American Express (NYSE:AXP) declined 2% after a Wall Street Journal report revealed major retailers are exploring stablecoin options to bypass traditional card payment fees.