The gap in the recent stablecoin debate basically comes down to stablecoin people not understanding why everyone, their mother, and their mother's fintech won't accept USDC by next year and Airwallex not understanding why early stage fintechs don't just use Airwallex lol
Put another way, the crypto people fundamentally see ignoring probable capital controls as a good/smart thing to do and Airwallex doesn't 😆
On fees — Airwallex is basically correct that their per transaction FX fee is generally lower (the SaaS fee, unfortunately, is not 😭) but the fundamental disagreement is in looking at the world today (Airwallex) vs. future (crypto people) and what it could be
In fairness to Jack, a lot of the popular stablecoin track points does seem wishy washy - it's unclear how abstract concepts like "interoperability" or "programmability" **directly** leads to better FX prices for the Kenyans that need shillings
Without talking my own book, imo it makes sense why the b2b money transmitters have this viewpoint - if they adopted they would have to do a lot of the heavy lifting for everyone else - whereas the processors, gateways, etc. just have to bite the reg arb and try to convince their existing customer base to accept USDC etc.
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