Replies to post #1583 on Innovative Payment Solutions Inc (IPSI)

[papadedavid]

I mean...not saying he was talking of IPSI COIN...but sure it's good for us...jmho.

[Renegades17]

I don't underestimate the power of Elon..


Particularly when it comes to swaying the masses, but the stablecoin is merely a method to facilitate the remittance and payments businesses. Lower costs (avoid Swift, wire transfer fees) and reduce settlement time. Necessary, but not sufficient for building their main businesses.

Perhaps at some point IPSI's stablecoin will be used as a settlement coin for crypto trading like Tether. That would help broaden adoption and further facilitate their business plan. I could see this happening as part of their payroll business where employees receive the IPSI stablecoin (pegged to the USD) instead of a bank deposit. This could be particularly attractive for ag workers in CA and AZ that want to send money back to their families in Mexico and Central America.