Countries going cashless, what's the opportunity for stablecoins

1. With More Countries Going Cashless---Stablecoins Have A Huge Opportunity More and more countries across the planet are moving towards cashless societies. Where traditional coins and banknotes used to be the only way to spend money---some people haven't spent physical money for years. What is a stablecoin? A stablecoin is a type of cryptocurrency that is tied to the value of another asset. The most notable of these are fiat stablecoins, which have the same value as their fiat-currency counterpart. Unlike some of the most popular cryptos around, BTC and ETH, stablecoins are therefore much more appropriate as spendable currency rather than as digital assets or speculative investments. Cryptocurrencies have a number of benefits in a cashless society, but people have been hesitant to spend BTC for everyday purchases for a couple of reasons. Firstly, BTC is hard to understand. BTC and other cryptos are hugely volatile. Wendy recently wanted to use some BTC to buy coffee in her favorite cafe. But when she saw how much the coffee was priced at, she had no idea what it meant. BTC price fluctuated so much in recent weeks, the listed price of 0.000095 for a double latte meant nothing to her. She paid with cash instead. It’s issues like this that are holding back people from using BTC and other cryptos for regular purchases. With stablecoins, you get the benefits of a digital currency without the drawbacks. An understandable value that's tied to a currency you completely understand, and a store of value that isn't expected to fluctuate much. Practically every country is moving towards a cashless model. Certain countries have taken smaller physical coins out of supply altogether. Countries leading the cashless economy include Sweden, South Korea, and Australia. What opportunities do cashless societies present for stablecoins? • Using a stablecoin in a cashless society is an easy next step for consumers. • Businesses are gearing their digital infrastructure for stablecoin’s security and ease of use. • A stable and simple currency makes peer-to-peer payments easier for both businesses and consumers. • Stablecoins are perfectly positioned to flourish in cashless societies. Samecoin's ecosystem of stablecoins SameUSD is tied to the value of the dollar by pegging against a basket of stablecoins. Holders and users benefit from a stable currency alongside faster, more secure, transparent, verifiable, and easier digital payments. That's why Samecoin and SameUSD could be perfectly positioned for cashless economies. Join An Ecosystem. A Real One. facebook.com/SamecoinCom twitter.com/SamecoinCom t.me/Samecoin samecoin.com