Building a new decentralized financial system with stable coins will fundamentally change how people save and use their assets and money. Here are some of the reasons why:
- Stable coins have the potential to overcome significant shortcomings and friction in existing cross-border payments, which is vital for remittances and reducing the cost of remittances.
- Stable coins can promote welfare as countries recover from the catastrophic consequences of the global pandemic with money distributions, like the stimulus packages currently being distributed to the millions of unemployed during the COVID-19 outbreak.
- Stable coins can positively impact financial inclusion — using electronic money for payments and savings will allow people to build digital histories, which are essential for access to credit.
- Stable coins can extend cross-border trading opportunities for small and micro businesses.
- Commercially issued stable coins could present an alternative for the unbanked and provide greater stability by giving them access to a store of value, enabling them to save without overcoming high barriers to entry for banking services.
AMEPAY provides AME Token which is already a stable coin with the feature of proof-of-stake, and it also act as a primary payment option in AMEPAY NFT Marketplace & AMEPOS Restaurant and Retail software. In AMEPAY NFT Marketplace, you can buy or sell NFT’s with AME Tokens. With AMEPOS, AMEPAY will achieve the cross-border payments, cross-border trading opportunities.