>Visa on Wednesday said it is linking its payments network of 60 million merchants to the USDC stablecoin
>Visa will support the issuance of a credit card that lets businesses send and receive USDC payments directly from any business using the card
coindesk.com
HELLO? IS IT REAL?
Will Koala.finance get doxxed and we'll get our money back?
tether fudders get the rope now.
>ctrl+f chainlink
>0 results
it’s all so tiresome
They’ll drop it when federal reserve coin comes out. Stop crypto fags.
>USDC is issued by regulated financial institutions, and backed by fully reserved assets, and redeemable on a 1:1 basis for US dollars
So how do you make money on this
most people still haven figured it out
This is USDC retard not Tether
buy ETH
Theoretically, does this mean I can take profit in USDC to avoid taxes? Like say a year from now?
I did when it dropped
You don't, it's just fiat but pretending to be a crypto.
>Visa on Wednesday said it is linking its payments network
>Linking
I see what they did there
I use usdc all the time but this would make taxes even more fucked. I don't even know how much I owe on my measly 2x in $10k over 400 metamask transactions.
Isnt this super bullish for stellar?
It'll be on ALGO chain though, not ETH.
COPE
Why would it be ?
Yeah wtf is your plan for that? I may hire an accountant. Or maybe cash out in ETH and only report ETH IN/OUT?
No fucking clue dude. But im not doing the math on like 400 uniswap transactions. Fuck that shit.
Yes it is. USDC is moving to stellar 2021 Q1.
ALSO VELO is built on Stellar network and just couple days they announced partnership "Velo Labs, Lightnet Group and Visa to develop payment solutions in Asia"
DYOR
"Credit card giant Visa today announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain."
From the forbes article
Theoretically, this means that we can indeed avoid the taxes associated with cashing out (at least as laws stand the moment).
no...
Visa also partnered with Velo to provide crypto credit issuance in SEA utilising the velo token. There are rumbles of a Parsiq partnership maybe this Dec too. We are getting there. Make sure you are holding the tokens actually making it.
Yes....
Can you say 1.00$ EOY?
You get taxed on crypto to crypto.. When you trade whatever crypto for your USDC you owe taxes on that.
I am not american. But I forgot you might be. Your laws are fucked.
I was planning on just using tokentax, but I haven't looked into it much. If it can take care of everything automatically for $200 that sounds good to me.
Dude this is fucking bullshit. Crypto to crypto? I have like 400 fucking uniswap transactions.
Fuck that dude. Does Uniswap even report to the IRS? It doesnt right? So they'll only see what I do on Coinbase. So can I just report all the Ethereum I bought on coinbase (my on ramp) versus whatever I cashed out? Will that suffice?
they will do anything to stay on top
fucking kek
THanks a bunch user, wonder if this VISA partnership is already priced in
Seeing your coinbase -> metamask or whatever uniswap wallet -> all your uniswap transactions would be fairly trivial, but yeah it's not reported directly.
Make your move based on that. If they decide to give all of your wallet interactions a colonoscopy, you're probs fucked.
I'd at least pay a completely correctly on the ETH gains
We gotta report these IRS guys to the IRS stat!
Whoa seriously? I've never bought crypto before but this sounds major. How do I buy USDC? I am going all in.
LMAO
there are only 2 financial companies ahead of btc.
the writing is on the wall
I hate having a broken screen.
