Thoughts, stories and ideas.

Will Crypto Payments Kill Card Schemes?

Part I The Numbers That Broke the Internet In January 2026, Bloomberg reported that global stablecoin transaction value totalled $33 trillion in 2025, up 72% from the prior year. USDC alone processed $18.3 trillion, surpassing Tether's $13.3 trillion.1 When placed next to Visa's

Stablecoin Scan-to-Pay Is Not a Payment Problem. It's a Payout Problem.

Every month, a new wallet announces "crypto payments." The pitch is always the same: spend your USDT at any store. But step into any shop in Ho Chi Minh City, Bangkok, or Manila. The merchant has a QR code on the counter - VietQR, PromptPay, QR PH. It&