I read the report below by @artemis , and it raised an important question: if merchants can accept stablecoins natively, will crypto cards still remain relevant? My answer is yes crypto cards will remain relevant! — Every layer of the current payment stack from interchange to chargebacks to delayed settlement exists because we built financial infrastructure around fiat rails that were never designed for instant global commerce and Stablecoins are that redesign. From a systems design standpoint, blockchains and stablecoins solve what card networks inherently can’t: • Instant, global finality (no 3-day batching). • Transparent settlement (no hidden network fees). • Native programmability (liquidity, yield, and treasury logic baked in). However , the reason cards still dominate is not technical, it’s distributional. Cards abstract away everything that’s hard including regulation, refunds, UX, habit etc That’s not a weakness of crypto cards; it’s their superpower which will always give them the edge. — Luckily cards are not just a temporary hack. They solve three massive problems at once: • Instant global merchant acceptance : 100M+ merchants, with zero integration work • Regulatory and compliance abstraction : KYC, AML, and reporting handled by the issuer stack • Consumer habit compatibility : works exactly the way people already pay, with little to no education required From a go-to-market perspective, that is unbeatable giving them a proper moat. So while stablecoin rails are improving infrastructure, cards are winning distribution and distribution compounds faster. —...