Stripe's recent announcement that it will accept stablecoins for payments isn't just a big deal for crypto, it's also a big deal for credit card companies like Visa (NYSE: V). The credit card system is built on the idea that merchants will pay fees of nearly 3% just to take payments. But Stripe is charging half that for stablecoin payments. Travis Hoium digs into the subject in this video.
*Stock prices used were end-of-day prices of Nov. 18, 2024. The video was published on Nov. 18, 2024.
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Discover Financial Services is an advertising partner of Motley Fool Money. American Express is an advertising partner of Motley Fool Money. Travis Hoium has positions in Block, Coinbase Global, and PayPal. The Motley Fool has positions in and recommends Block, Coinbase Global, Mastercard, PayPal, and Visa. The Motley Fool recommends Discover Financial Services and recommends the following options: long January 2025 $370 calls on Mastercard, long January 2027 $42.50 calls on PayPal, short December 2024 $70 calls on PayPal, and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
