PANews, July 15th news, according to Zhito Finance, Mastercard (MA.US) Chief Product Officer Jorn Lambert stated that although stablecoins are in high demand, there is still a long way to go before they can become a practical tool for everyday payments. Lambert mentioned that in addition to technical properties, seamless and predictable user experiences, wide coverage, and broad consumer distribution are also crucial for stablecoins to become payment tools. Lambert stated that Mastercard positions itself as a bridge between digital assets and the traditional financial system, and can provide the infrastructure needed for stablecoins to be used at scale. Lambert pointed out that currently about 90% of the stablecoin transaction volume is related to cryptocurrency trading, with investors using these tokens pegged to the US dollar to buy and sell digital assets. Although companies like Shopify (SHOP.US) and Coinbase (COIN.US) have taken steps to promote the use of stablecoins for everyday consumer payments, Lambert believes that low consumer acceptance and additional friction in the online checkout process are obstacles that are difficult to overcome in the short term.
