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More money is now being transferred internationally via Stablecoins, than Visa & Mastercard combined. (unchartedterritories.tomaspueyo.com)
submitted 2 weeks ago by to c/futurology@futurology.today
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I wonder how much of this is money laundering, illegal drug producers, and countries avoiding US sanctions on their use of the SWIFT banking system. Stablecoins aren't anonymous, but with transfers through multiple wallets and disguised end parties, they can be very hard to trace.

Linked Article with data

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[–] 1 point 2 weeks ago

laughs in free SEPA instant

Fuck dealing with foreign currency, Wise is instant but actually getting the money to it is not because some of those national payment systems are slooooow (looking at you, ACH)

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