At a recent hackathon, participants developed various solutions to simplify payments based on stablecoins, laying the groundwork for new commercial opportunities.
New Payment Technologies
Hackathon participants created tools such as chatbots charging small fees per message and group chat marketplaces that completely bypass banks. At the center of these innovations are stablecoins — tokens pegged to the US dollar, allowing instant and programmable payments without volatility.
Coinbase Strategy Amid Competition
Coinbase is expanding its payment capabilities amid increasing competition in its core trading area. With the passage of the first law regulating stablecoins in the U.S., Coinbase sees legal clarity as opening the door for developers and businesses to use stablecoins as mainstream infrastructure.
The Future of Stablecoins in Commerce
Stablecoins are already popular in countries facing inflation, but their role in AI-driven commerce remains untested. Existing payment systems and consumer habits are significant barriers. Nonetheless, the projects showcased over the weekend suggest how cryptocurrencies could transition from speculation to practical everyday use.
Coinbase continues to develop its technologies based on stablecoins, confident that this will usher in a new era in payments and help shift towards new solutions in AI commerce.
