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"Crypto prices have been going down, but crypto adoption has been going up, and not in the way that you think. Over the last 5-6 years, the number of crypto card holders has grown by a whopping 15-20x.
Not only that, but proposed changes to credit card interest rates and fees could result in rewards for traditional cards going down, while pending crypto regulations could increase crypto card rewards.
The result could be an even bigger surge in adoption of crypto cards, with select crypto coins and tokens benefitting the most. Today we tell you everything you need to know about this growing trend. Enjoy!"
~ Coin Bureau
The video discusses how potential US regulations to cap credit card interest rates and lower interchange fees could cause traditional credit card rewards to decline, driving millions of Americans toward crypto cards. These crypto cards offer unique advantages such as rewards boosted by rising token values, yields from stablecoins backed by government bonds, and decentralized finance lending. Guy highlights that while traditional banks currently profit from high interest rates paid by the bottom majority of users to fund rewards for the top tier, crypto and DeFi can democratize this system by offering lower interest rates and higher rewards through undercollateralized lending. As a result, projects related to stablecoin-focused blockchains like Solana and Base, as well as DeFi protocols like Aave and Morpho, are positioned for significant long-term adoption and growth.
0:00 Intro
1:24 Crypto Card Adoption
5:24 Why Americans Love Credit Cards
9:34 Changes To Credit Card Interest Rates And Fees
12:50 Stablecoins And Crypto Card Rewards
16:04 DeFi And Crypto Credit Cards
19:47 Which Cryptos Will Benefit?
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=sUc6N0sWZNc
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
