It's almost as if "stablecoin" is a term included to make it sound fancier, cooler, more modern, or maybe just to push it a little further away from being called "company scrip".
I just want cheap payment processing and banking with real fiat currency, with full backing of legal system.
Telling investors you're going to make your own currency to bypass transactions fees from financial institutions seems like a fairly straightforward way to boost investor interest.
Wouldn't adding crypto mechanics to a virtual credit system just make for a costlier system due to mining?
If the transactions are maintained within an Amazon or Walmart ecosystem, there's no need for trustless verification, because you own the ecosystem. What's the point?
> Oh, our employees may make minimum wage, but they get (the speculative asset) Walmart Coin as a benefit that can be redeemed at any Walmart, equivalent to an extra 50% income! It's like stock options, but useful!!! Why, yes, we do still teach them how to apply for welfare programs!
Since, of course, cryptocurrency is not a currency somehow.