The discussion focused on the growing interest among retailers in stablecoins as a strategy to reduce transaction costs associated with traditional credit card payments. Gerson Gibbs explained that small and mid-sized retailers are particularly affected by high credit card fees, prompting them to explore more efficient payment alternatives. He defined stablecoins as digital currencies pegged to stable assets, which help mitigate price volatility, contrasting them with cryptocurrencies like Bitcoin that are subject to market fluctuations. Gibbs emphasized the benefits of stablecoins for retailers, including predictable transactions and lower overhead costs, and likened them to gift cards that maintain their value.
The conversation also addressed the regulatory challenges surrounding digital currencies, particularly regarding the use of Bitcoin to back stablecoins and the complexities of maintaining user privacy while preventing fraud. Gibbs expressed optimism about the future of digital currency, predicting it would become the standard payment method within five years, necessitating adjustments in traditional banking fee structures. Both Gibbs and Kerry Lutz acknowledged the influence of the younger generation in this transition and discussed the potential opportunities for smaller businesses in the U.S. due to the active involvement of the Trump administration in the digital currency sector. Gibbs underscored the need for regulation to stabilize the market against political volatility, while Lutz recognized the significant impact of political figures on the cryptocurrency landscape.
Find Gerson here: https://www.belitecapital.com
Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe
Kerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. .
Get your copy here: https://amzn.to/4kuC5p5