*WALMART AND AMAZON EXPLORING ISSUING OWN STABLECOINS: WSJ so... stablecoins are just gift cards?! - ThreadSky

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emcreditfund.bsky.social • 5 days ago

*WALMART AND AMAZON EXPLORING ISSUING OWN STABLECOINS: WSJ

so... stablecoins are just gift cards?!

Comments

edwoodk.bsky.social•4 days ago

Or one way tickets to wallyworld

mattbroberg.bsky.social•4 days ago

Always Sunny did an episode on this.

kpow70.bsky.social•4 days ago

That's better than how I see "crypto cash" backed by tech bros "hell yeah"

tomkanemn.bsky.social•4 days ago

There are more regulations on gifts cards to protect the consumer.

laurelmae.bsky.social•4 days ago

They want all digital money, so with one hack, nobody has access to anything. No money. No communication. No food supply. The works. They want destruction. They think they will survive. They are delusional or suicidal. Doesn't it occur to people that their money depends on internet access?

catsculptor.bsky.social•5 days ago

Or company scrip

bisphamgreen.bsky.social•5 days ago

you can give your kids some stablecoins as a present

ngmi.co•4 days ago

latest genius act amendments seem to prohibit this, unless walmart and amazon become financial companies or get approval (or more likely, get a whitelabeled stablecoin token from an existing issuer)
https://www.congress.gov/amendment/119th-congress/senate-amendment/2307/text

gwenrollo.bsky.social•4 days ago

Are we just going back to individual banks issueing their own scrip? Have we not tried this unreliable economic road before? Do not think doing it digitally will make it any better.

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