Jared

Bridget Harris goes deep on the potential of crypto stablecoins to disrupt Visa and MasterCard's duopoly. Quote, right now, Visa and MasterCard charge merchants an egregious 2% to 3% swipe fees, which is typically their second highest cost after payroll. Sadly, smaller merchants are disproportionately hit by these swipe fees.

Bridget Harris goes deep on the potential of crypto stablecoins to disrupt Visa and MasterCard's duopoly. Quote, right now, Visa and MasterCard charge merchants an egregious 2% to 3% swipe fees, which is typically their second highest cost after payroll. Sadly, smaller merchants are disproportionately hit by these swipe fees.

This is partly why Visa and MasterCard's profit margins are each higher than 50%. Small businesses have no choice but to accept Visa and MasterCard since they control 80% of the credit card market. A stablecoin network could drop those swipe fees to essentially zero.

This is partly why Visa and MasterCard's profit margins are each higher than 50%. Small businesses have no choice but to accept Visa and MasterCard since they control 80% of the credit card market. A stablecoin network could drop those swipe fees to essentially zero.

Merchants hate swipe fees, rightfully so, and if they could opt for a lower fee network that wouldn't limit their TAM, total addressable market, they'd switch in a heartbeat. End quote. I've long asked cryptocurrency bulls to point me to the killer apps. First, it was ICOs, which didn't really pan out. Too many scammy founders. Then it was NFTs, which were a lot like the pogs of my youth.

Merchants hate swipe fees, rightfully so, and if they could opt for a lower fee network that wouldn't limit their TAM, total addressable market, they'd switch in a heartbeat. End quote. I've long asked cryptocurrency bulls to point me to the killer apps. First, it was ICOs, which didn't really pan out. Too many scammy founders. Then it was NFTs, which were a lot like the pogs of my youth.

Fun for a day or two. More recently, it's been prediction markets. I'm sorry, gambling, which I admit is a legit app, just not one that I'm interested in. But knocking 3% off every transaction in the world, that dog could hunt. Unfortunately, it's also going to require government intervention, of which I'm a perma-bear.

Fun for a day or two. More recently, it's been prediction markets. I'm sorry, gambling, which I admit is a legit app, just not one that I'm interested in. But knocking 3% off every transaction in the world, that dog could hunt. Unfortunately, it's also going to require government intervention, of which I'm a perma-bear.

That is the news for now, but also scan this week's companion newsletter for even more stories worth your attention, such as... Introducing Work, a simplistic build system like Make and Command Runner like Just. Awareness Syndrome, which is kinda like Imposter Syndrome, but not... And of course, our award-worthy unordered list of awesome links. Get in on the action at changelog.com slash news.

That is the news for now, but also scan this week's companion newsletter for even more stories worth your attention, such as... Introducing Work, a simplistic build system like Make and Command Runner like Just. Awareness Syndrome, which is kinda like Imposter Syndrome, but not... And of course, our award-worthy unordered list of awesome links. Get in on the action at changelog.com slash news.

In case you missed it, we had Rachel Blotnick talking buttons and Matt Reier singing songs on the show last week, both of which are available in full video on our YouTube channel at youtube.com slash changelog. And coming up this week, we are joined by Embedded FM's Alicia White to talk all about programming things that are not computers. Have a great week.

In case you missed it, we had Rachel Blotnick talking buttons and Matt Reier singing songs on the show last week, both of which are available in full video on our YouTube channel at youtube.com slash changelog. And coming up this week, we are joined by Embedded FM's Alicia White to talk all about programming things that are not computers. Have a great week.

Leave us a five-star review if you dig our work. and I'll talk to you again real soon.

Leave us a five-star review if you dig our work. and I'll talk to you again real soon.

It's double R's. It's the quintessential pair.

It's double R's. It's the quintessential pair.

Sometimes your jokes don't go down so well. Don't worry. Don't worry. It's all right. Just a little one for me there.

Sometimes your jokes don't go down so well. Don't worry. Don't worry. It's all right. Just a little one for me there.

I'm afraid the color of a blooming thing. As Jared said, the colors all exist. Yes, yes. So we can't be that one. Adam looks pissed, but he's fine.

I'm afraid the color of a blooming thing. As Jared said, the colors all exist. Yes, yes. So we can't be that one. Adam looks pissed, but he's fine.