Amazon and Walmart to launch USD stablecoin to kill $143 billion in bank fees

Payment Wars: Retail Giants Amazong and Walmart Target $143B in Bank Fees with Stablecoins

Walmart and Amazon are building their own USD stablecoins.

They want to:

- own the rails
- bypass banks
- crush interchange fees

Most important :

cut $143 billion payment tax to banks.

I explain:

Every time you tap a card, three players take a cut:

- Visa and Mastercard take 0.14% (“network fees”)

- Stripe, Fiserv, etc. take 0.40% (“processing fees”)

- Biggest pa…