Stablecoin Payments must be included in the Credit Card Companies payment methods or they would fail
The factor that is not in keeping with blockchain's peer-to-peer model, the fee strategy, maybe where payment companies can’t compete with stablecoin payment networks.
Visa, MasterCard, and PayPal who are the most well-known centralized payment companies have to change their ways regarding the fees to be able to carry on competing with the stablecoin payments that operate on blockchain, says Gartner.
According to Avivah Litan who is a VP analyst at Gartner, the factor that is not in keeping with blockchain's peer-to-peer model, the fee strategy, maybe where payment companies can’t compete with stablecoin payment networks. She also describes such firms as CeDeFi or “centralized decentralized finance” where huge centralized institutions tap into DeFi space and utilizing DeFi’s top apps.
However, these companies’ clients may start reconsidering the obligation of paying fees to these centralized services for cross-blockchain transfers which are not in agreement with blockchains’ primary promise, she adds. She reiterates and elucidates on the blockchian technology’s promise and reminds us of the blockchain mission;
“Companies we speak to are justifiably skeptical of these services. After all, the revolution of blockchain payments is that they execute peer-to-peer and eliminate central intermediaries and associated bank fees.”
Litan also suggested that the card firms may have multiple unseen offerings like blockchain-based transparent real-time stablecoin payments that are bound to fundamental information about a particular transaction and protection of funds supporting partner bank accounts’ stablecoin sitting.
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