Sharp Tech with Ben Thompson Understanding Stablecoins and Their Utility, Why Stripe is Buying Bridge, Virtual Reality for NFL Quarterbacks
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Oct 24, 2024 Explore the fascinating world of stablecoins, gaining insight into their growing utility in crypto and cross-border payments. Discover why Stripe is acquiring the stablecoin platform Bridge and its implications for the payment industry. Delve into advancements in virtual reality technology, especially how NFL quarterbacks are leveraging it to enhance their skills. In the mix, enjoy a lighthearted take on sports fandom and the emotional ties we have to our teams.
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Crypto's Appeal
- Crypto's appeal lies in its unique blend of digital replicability and scarcity, enabled by blockchain technology.
- This allows for secure, transparent transactions without intermediaries, potentially revolutionizing digital asset ownership.
Trust and Intermediaries in Finance
- Traditional money transfers rely on intermediaries like banks to verify transactions, causing friction and fees.
- Crypto, with its decentralized nature, offers instant and trustworthy verification.
Blockchain's Efficiency
- Blockchain's ledger system eliminates the need for banks to back transactions, streamlining verification.
- This makes crypto transactions faster, cheaper, and more transparent while maintaining security.