The chief executive of stablecoin issuer Paxos has explained his reasoning why he thinks Bitcoin will not make it as a widely accepted form of payment.
whether this year will see more crypto assets such as Bitcoin or Dogecoin being used as payments, he was not so optimistic. He said that people want dollars, and they want to make payments in dollars.
He said suggested that crypto assets are primarily speculators and not likely to be used as payments:“Do people want to use Bitcoin and Dogecoin to buy things? I’m not sure, I think a lot of what that is about is owning an asset that’s going to go up … its not really money today, dollars are money.” However, it stands to reason that the boss of a stablecoin company would be more bullish on his own product than a decentralized rival payments option.Paxos is a minnow among the stablecoins, ranked at ninth with just 1 billion circulating, giving it a stablecoin market share of 0.6%.
France Dernières Nouvelles, France Actualités
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