After looking into the Ctrip incident, to be honest, I am quite surprised. As an ordinary user, I have always believed that such large platforms should be safe and regulated. Yet it turns out they are using virtual currency payments in the background, which might be good news for the crypto community, but in reality, it will definitely have an impact on the economy, inflation, and exchange rates.

This is no longer just a simple "monopoly" issue. Using stablecoins for cross-border payments, then converting to RMB, sounds like opening a loophole for money laundering or bypassing foreign exchange controls. What ordinary people fear most is chaos in financial order; ultimately, inflation and other issues will be borne by the common people. Ctrip's actions for convenience or arbitrage space are really a bit reckless, focusing on making money without regard for bottom lines. Of course, if there are good solutions or balancing methods in the future, it will definitely be a good sign for the crypto community.

I fully support regulatory authorities investigating it. They should investigate not only market position but also financial security. A large company we rely on daily needs to meet basic compliance and social responsibility. Anti-monopoly! Looking forward to gradually testing new payment methods~
#BTC #USDT