The acceptance of stablecoins can be a valuable addition to any business, especially those just starting out. Stablecoins are price-stable, digital currencies (ie cryptocurrencies) that allow for:
- Payments to made directly between customers and business (ie digital form of cash)
- Near-instant settlement times
The most ambitious stablecoin project to date, has a high likelihood of never seeing the light of day due to regulatory hurdles around the world. That being said, if Libra manages to launch by their target date of 2020, it will be among the first cryptocurrencies to gain mainstream adoption.
The first movers to take advantage of this protocol could see vast opportunities amongst the 1.7 billion people around the world without access to basic financial services. A more detailed description of libra can be found here.