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is expected that the creation of a Single European Payments Area (SEPA) will spur consolidations and mergers among …
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We outline a three-step framework to investigate stablecoin arrangements and quantitatively assess their risk. The first step is to classify the stablecoin arrangement into three parts-coin structure, transfer system(s) and financial service(s) - and categorize the attributes of each part. The...
Persistent link: https://www.econbiz.de/10012511072
Our paper contributes to the discussion about the utility of stablecoins for retail payments through an objective … of stablecoin arrangements used for retail payments relative to traditional retail payment methods. We select three real …-world examples for comparison: (i) a Mastercard credit card payment through a traditional bank; (ii) a Unified Payments Interface …
Persistent link: https://www.econbiz.de/10013489726
A well-functioning monetary system is characterized by public and private forms of money that exchange at par as value flows freely between them. This is essential for efficient transacting and contracting in a market economy. A relevant retail public money - whether in the form of cash, a...
Persistent link: https://www.econbiz.de/10014577905