Comment by thebiglebrewski
9 days ago
Interesting...the name of this makes it sound like criminals will be using it to transfer cash around the world, like with gift cards?
Genuinely I'm curious, is there really a big market around gifting crypto, or is that market just sort of a front for criminal activity like why some retailers see a spike in gift card sales?
There is a massive trillion dollar market around gifting dollars on gift cards today, but you can typically only use them on Visa and Mastercard networks. We think gifting stablecoins is a better way to do that.
Gifting dollars on gift cards today is only supported by 99.9% of retailers. How many retailers accept USD II?
It turns out that many people don’t spend the gift cards designated for specific retailers, but rather trade or sell them for cash in their local market.