Here’s the $255,000,000,000 Threat That Visa and Mastercard Are Facing Right Now, According to Insiders: Report

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Payment giants Visa and Mastercard are reportedly gearing up to fend off a quarter-trillion-dollar threat against their business models. Bloomberg reports that executives at the two companies – which are a combined $1.1 trillion in market capitalization – are preparing for the continued rise of stablecoins, which drastically lower the cost of everyday transactions for both giants’ customers. Jack Forestell, chief product and strategy officer at Visa, says that in prior disruptions, such as mobil...