Web3 payments refer to the utilization of decentralized digital assets and blockchain technology for conducting financial transactions. This encompasses payments made using cryptocurrencies, stablecoins, or other digital tokens, often directly between parties without traditional financial intermediaries. Such payments are characteristic of the decentralized internet’s evolving economic infrastructure.
Context
The development and adoption of Web3 payment solutions are progressing as the infrastructure for decentralized applications matures. Discussions often revolve around user experience, transaction finality, and the integration of these payment methods into existing online commerce. Regulatory clarity and the establishment of user-friendly interfaces are key factors shaping their future prevalence.
MetaMask's introduction of $mUSD, a wallet-native stablecoin, establishes a crucial on-ramp for mainstream adoption by integrating digital assets with traditional payment rails.
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