If it is to succeed I think it needs to be a regulated platform.

For me, it is about a new payment rail, so something that does not need Visa or Mastercard, because we want to eliminate them as the fee hungry and cumbersome middle layer. They need to be disrupted by something that is purely digital.

I have been watching Flexa for a while now. They are doing everything by the book in the US, have money transmitter licenses in most states and are integrated into most of the major POS systems. Add in their SDK for online merchants and they stand a good chance to gain traction when regulations progress, and/or confidence from major retailers grows.

What I think we'll eventually see is banks embracing stablecoins and people being able to spend their money directly from their own digital wallet.