Visa and Mastercard Cautious on Stablecoins for Retail Payments
- Market Applicability of Stablecoins: Visa's Head of Crypto, Cuy Sheffield, emphasized that in digitally mature markets like the U.S. and Europe, existing payment methods are already highly efficient, and stablecoins do not offer clear advantages in retail transactions, instead introducing complexities around custody, fees, and reversibility.
- Regional Differentiation Perspective: Mastercard highlighted that stablecoins may be useful in emerging markets with high inflation or weak banking infrastructure, but for high-volume, low-value domestic transactions, stablecoins are uncompetitive compared to existing card networks that provide near-instant settlement and consumer protections.
- Risks of Market Volatility: Both companies pointed to recent market volatility as a significant concern, with liquidity stresses and temporary de-pegging events in the stablecoin ecosystem making it difficult to meet mainstream consumer standards, as even brief instability is unacceptable in payment networks.
- Ongoing Infrastructure Investment: Despite their cautious stance on retail adoption, Visa and Mastercard are actively building blockchain infrastructure, with Mastercard expanding its Multi-Token Network to support tokenized bank deposits, while Visa partners with Circle to settle certain fiat transactions using USDC, indicating preparation for future demand.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 61.591 | 69.095 | 76.251 | 83.755 | 90.911 | 98.415 | 105.571 |
| Fibonacci | 69.095 | 74.695 | 78.155 | 83.755 | 89.355 | 92.815 | 98.415 |
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