TripleA CEO Eric Barbier said the future of remittances may be a system where users no longer need traditional remittance flows. In a post cited by ChainCatcher, Barbier said he does not really believe in a "sandwich" stablecoin remittance model, where fiat is converted into stablecoins and then back into fiat at the other end. He argued that remittances often amount to moving a strong currency into a weaker one. In his view, stablecoins create a different kind of value by letting people in emerging countries hold a strong currency directly. As platforms push merchants to accept crypto, he said, stablecoins can now be spent directly rather than used only as a transfer rail. Based on that view, Barbier said the future for people in emerging countries is not to hold local currency, but to hold stablecoins, earn yield on them, and spend them.
According to ChainCatcher, TripleA CEO Eric Barbier said in a post that the future of remittances is no remittance at all.
Barbier said he does not really believe in a sandwich-style stablecoin remittance model, where fiat is converted into stablecoins and then turned back into fiat. He said remittances, in many cases, mean moving a strong currency into a weaker one.
He argued that stablecoins offer a different kind of value by allowing people in emerging countries to hold a strong currency. With platforms pushing merchants to accept crypto, stablecoins can now be spent directly, he said.
On that basis, Barbier said the future for people in emerging countries is not to hold local currency, but to hold stablecoins, earn yield, and spend them.
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