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Stock impact report

Visa and Mastercard aren't buying the stablecoin hype for everyday payments [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
In earnings calls this week, both Visa and Mastercard executives offered cautious assessments of digital assets, especially stablecoins, signalling that consumer demand hasn't necessarily materialized in meaningful ways. “As I've said before, in the U.S., if a consumer wants to pay for something using a digital dollar, they have ample ways to do that today,” said Visa CEO Ryan McInerny. “They can pay from their checking account or their savings account. It's become quite easy to do. So we don't see a lot of product market fit for stablecoin payments and consumer payments in digitally developed markets.” Stablecoins are meant to make payments faster by allowing money to move directly between parties on a blockchain, without going through banks or card networks. Unlike traditional payments, which can take days to settle, especially across borders, stablecoin transactions can clear in seconds and operate around the clock, including weekends and holidays. In a September report , JP Show less Read more
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