Visa (V) and Mastercard (MA) saw their stock prices decline substantially following a report indicating that Amazon (AMZN) and Walmart (WMT) are investigating the implementation of stablecoin payment systems. Visa's stock fell by 5.3%, while Mastercard's dropped by 4.9%.
The report highlighted that Amazon and Walmart are considering creating their own stablecoin payment systems. This could potentially reduce their reliance on traditional payment processors like Visa and Mastercard.
The potential shift towards stablecoin payment systems directly threatens the market share of established payment processors. By bypassing traditional rails, retailers could significantly reduce transaction fees and gain more control over their payment infrastructure.
The news also touches upon the involvement of several fintech companies in this emerging trend. The full implications of the shift towards stablecoin payments remain to be seen, but the immediate market reaction suggests a considerable potential disruption.
Mastercard (NYSE:MA) stock dropped 4.9% and Visa (NYSE:V) sank 5.3% in Friday late morning trading after a report said massive retailers Amazon.com (AMZN) and Walmart (WMT) are considering stablecoin payment systems that would bypass traditional payment rails.
Some fintechs also
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