Exploring a Stablecoin BankJan 7
how the transition to a consumer-scale stablecoin payment network could actually work
Bridget Harris and Abhi DesaiSubscribe to The Industry
Thursday, DoorDash announced a partnership with Klarna, which will allow its customers to pay with Klarna’s Buy Now, Pay Later (BNPL) option. Predictably, the discourse exploded online, immediately organizing into two camps: communists convinced the deal was essentially one of the four horseman of the Trump/Elon/Techbro apocalypse — shrieking that the collaboration was a “uniquely terrifying proposition” in a “dystopian capitalist hellscape” (I’m quoting this verbatim) that would essentially usher in an unstoppable wave of debt slavery — and on the other side, shitposters who thought it was funny.
Look, we know — normally this is where you’d get 2,000 words on startups working on supersoldier tech, exploring a stablecoin bank, or why founders should get their companies out of Delaware (like, yesterday). But it’s Friday, and financing burrito limousines with Klarna is inspiring meme artists at a historic level. We’d actually be doing you a disservice by not sharing them.
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Touch grass this weekend, all.
—Brandon Gorrell
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