More Americans are unable to pay their credit card bills in full at the end of the month, with 46% of credit cardholders carrying month-to-month debt, up from 39% in 2022. A recentfrom the Federal Reserve Bank of New York highlighted how the current 15% year-to-year credit card balance increase represents the largest jump in more than 20 years.
consumers, not just those choosing to pay by credit card — which essentially means that anyone paying by cash or debit card is forced to pay a higher price for the convenience of a select few. Why, in today’s world, should anyone be forced to use a centralized service that is specifically designed to take such a big cut of their every purchase?
The solution may be found in stablecoins themselves or in the mix between traditional financial structures and theBank collapses are spurring interest in self-custody startups
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