Afterpay is Looking to Venture into Crypto, Urges Australian Government to Enhance Research

Afterpay is looking into cryptos as a way of cutting payment costs for merchants. The company has reason to think that an AUD-backed stablecoin is not too far in the future. For Australia's crypto investors, it seems like great news. Laying Foundation for a Local Stablecoin Jack Dorsey's Square recently purchased Afterpay for AU$39 billion. At the moment, however, it is not offering crypto-related products. An AUD-supported stablecoin would provide Australian cryptocurrency users and investment companies with an alternative value. They will…