Will stablecoins ever replace credit cards?

Bridget Harris, an investor at Founders Fund, wrote a piece outlining a shift occurring in the consumer payments landscape. Alternative methods to credit cards such as pay by bank are gaining popularity and are projected to grow 3.5x between 2017 and 2027.

This is because the duopoly of credit card networks (Visa and Mastercard) charges merchants 2-3% on every transaction. Large retailers such as Walmart and Dwolla are beginning to launch pay by bank functionality to bypass this credit card fee…