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I live in South Korea and like to think that I keep track of the current state of fintech but I have never heard of Terra or any cryptocurrency being widely used for payments. Where is it usable?

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https://www.terra.money - to learn about Terra, founded by Do Kwon a Korean Billionaire entrepreneur They offer many currrency mirroring stablecoins including Korean Won in addition to the US dollar-pegged coins.

https://chai.finance/ Chai is the Payments solution. I’m told they have 2 million users in Korea but you may know better. It can be used to pay in MacDonalds and Starbucks to name a couple examples.

Ah, I see. I haven't used Chai but from what I can tell it's a service that lets you make payments through multiple methods (e.g credit card, bank transfer). I don't think they've published statistics but I'm guessing most of their payments don't go through crypto.

Probably true that most payments still go through traditional payment rails. Crypto is still an emerging technology and most people don’t own crypto.

I still find it interesting to know that one can pay for a Big Mac or a Latte using stablecoins as an option in Korea.

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