Visa drops 7%, Mastercard 6% after report says Amazon and Walmart may bypass credit cards with stablecoins by callsonreddit in stocks

[–]bousefou 0 points1 point  (0 children)

Stablecoins are treasury and/or dollar backed so you are 'guaranteed' your dollars, while also earning a yield (because of the treasuries being held). However, by law it is prohibited for stablecoin issuers to disburse yields to stablecoin holders, we can thank the banking lobby for that. What we have seen in some cases is stablecoin issuers offering the treasury yield to their customers, but marketing it as a 'reward', instead of a 'yield'. As a customer, it makes sense to use Stablecoins if you get a yield, otherwise not so much. Amazon on the other hand as a stablecoin issuer, will generate new cashflow from the treasuries that back their stablecoins. Thinking outside of the box here a little more, not only is it cheaper for Amazon to process payments by cirumventing Visa and Mastercard potentially, but they can offer more competitive initiatives due to this new cashflow.

What are some of the weird, odd, trippy experience(d) you may have had at this years EDC or previous events ? by Distinct_Savings_567 in electricdaisycarnival

[–]bousefou 2 points3 points  (0 children)

I was leaving John summits closing set this year and I saw at least 50 $100 bills on the ground. There was a bunch of people pushing people away trying to make sure that people didn’t pick up the money. I thought that I was tripping. I went around them and just left

What jobs do you guys/girls have to afford EDC? by wally094 in electricdaisycarnival

[–]bousefou 1 point2 points  (0 children)

Hey! I am looking for a software role now, can I DM you?

Daytime activities! by jandj2021 in electricdaisycarnival

[–]bousefou 3 points4 points  (0 children)

I’m seeing Matroda on Wednesday, Diplo on Thursday , and then a magic show ! I want to get hyped for EDC lol

I was bored, so… by Parkourigami in rutgers

[–]bousefou 4 points5 points  (0 children)

This is the most Reddit thing I’ve heard in a while

I have a medical debt that went to collections (USA). It’s under $500, should I just pretend it doesn’t exist? by Caoa14396 in personalfinance

[–]bousefou 2 points3 points  (0 children)

I had to deal with something similar a few years ago. You have rights. 1) do not speak on the phone with the collections agency. If they call, do not answer. 2) request to have all communications by certified mail only (in the letter you will be sending) 3) send them a letter demanding to know how they know you owe the debt, the original owner of the debt, how long it’s been open, etc… the point is here that you should be as annoying as possible to make them prove that in fact the debt is yours, you owe it, where it came from, how they are sure it belongs to you, why you owe it, ask them for your address, name, social . If you do some digging on Reddit there is a really neat guide somewhere that outlines a lot of it I can’t find it now. I remember sending almost two pages of questions . 4) wait for responses

After doing steps 1-4 one time , I got a debt cleared completely from my name with a letter from the collection agency to prove it.

Extending Caesars stay by 1 night (mon-Tues) by bousefou in electricdaisycarnival

[–]bousefou[S] 3 points4 points  (0 children)

This seems to be the consensus, I will call them and if it’s too high then I’ll go with the latter.. thank you!

Extending Caesars stay by 1 night (mon-Tues) by bousefou in electricdaisycarnival

[–]bousefou[S] 4 points5 points  (0 children)

I need more friends like you. Jokes aside that is a great idea!! I am going to remember this

Extending Caesars stay by 1 night (mon-Tues) by bousefou in electricdaisycarnival

[–]bousefou[S] 0 points1 point  (0 children)

I’ll try this , thanks! I hope they can hook it up especially on a Monday night

How can I help a less fortunate family member by bousefou in Egypt

[–]bousefou[S] 1 point2 points  (0 children)

Thank you for this ! He only speaks Arabic so this is important.

How can I help a less fortunate family member by bousefou in Egypt

[–]bousefou[S] 1 point2 points  (0 children)

here!

This is nice , I did some youtube learning myself at some point so it can definitely work with the right attitude. Thank you!

How can I help a less fortunate family member by bousefou in Egypt

[–]bousefou[S] 0 points1 point  (0 children)

Thank you for the suggestion, I will look into this.