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Stablecoins May Become Currency Of Internet — Opinion

19:54 20/03/2019
Stablecoins To Become Best Solution For Online Payments

Sterling Witzke, a professional investor and employee of the venture firm Winklevoss Capital, gave a big interview to Cointelegraph, in which she shared her opinion on the development of the crypto sphere and stated that stablecoins are gaining increasing popularity and are ideal for online payments.


The US dollar has long been an excellent form of payment, but it was not designed for the era of the Internet in which we live, Witzke stresses. She believes that currently, there is a need for a stable currency, closely connected with the Internet and blockchain technology. Stablecoins pegged to fiat provide an opportunity to acquire assets and make a profit.


Witzke does not fear that the actions of the regulatory authorities may undermine the idea of decentralization. According to her, consumers of the crypto sphere deserve the same protection as everyone else. A protocol based on mathematics and cryptography initially provides for rules and norms that do not need to be regulated, but people control this, and human error is always possible.


Witzke expressed hope that the SEC will indeed make the crypto sphere a priority of its work in 2019, and there will be more clarity regarding cryptocurrencies. There are many companies and investors, including those from Wall Street, who would like to work in the crypto industry, but they still hesitate due to the lack of clear regulatory standards.


The employee of Winklevoss Capital did not make a forecast regarding the value of bitcoin but expressed the opinion that the price of the first cryptocurrency stabilized after speculators left the market.


Earlier, Valerie Szczepanik, the SEC crypto consultant, claimed that certain types of stablecoins can be considered securities.

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