CMSPI STATE OF THE INDUSTRY REPORT
2.6
Overall Scorecard
DEBIT CARD
17.4 18.3 17.1 17.1 17.0 13.9 16.1 16.3
STABLECOIN
DIGITAL WALLET (PASS THROUGH) DIGITAL WALLET (STAGED/STORED)
CREDIT CARD
CASH
Stablecoins are cryptocurrencies whose value is
REAL-TIME PAYMENTS
BANK TRANSFER
BUY NOW, PAY LATER
pegged, or tied, to that of another currency, commodity, or financial instrument. 671
STABLECOIN
12.0
Scorecard Summary Stablecoins have created quite the buzz as a potential payment method. While they are not widely used or accepted, their low cost and decentralized fee setting structure suggests they could be a worthy option for retail payments. There are, however, security concerns, including a lack of an established error resolution framework and the risk for fraud for both consumers and merchants. Their nascency shows in the lack of user-friendly features including omnichannel, recurring payment and pre-authorization capabilities. However, the ease of cross-border payments and irrevocability are not to be unnoticed.
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