Decentralized
> the transfer of authority, decision-making, or operational functions away from a central authority to smaller, local, or distributed nodes, systems, or entities
Unfortuantely Empire of AI is incredibly sour and pessimistic, choosing to present only one side of the story. I would def read it, but with a grain of salt.
Basically they will become the toll-lords of the internet.
And because of that, THEY can choose what they accept as payment.
A stablecoin (probably just run by them but technology coming from one of the stablecoin providers like Paxos) is perfect for this, as it will be regulated and akin to a digital dollar, with the addition that they can earn yield on treasury bills at the same time.
and sending money cross borders to your family
and paying suppliers outside of your country
and having a multi-currency account without insane fees
and automating finance
and upgrading financial systems to modern tech
then probably mix them via different methods
then sell them via OTC-style swap platforms like fixedfloat / changelly etc