Crypto payments gain ground thanks to centralized payment processors
— Growth, Rise, Payment, Processors, Gain, Crypto, Stablecoin, Form, Report, Transactions — 1 min read
40% of 18–35-year-old consumers want and plan to use cryptocurrencies to pay for goods or services within the next year. Visa's network processed over $1 billion in crypto transactions in the first quarter of 2021, which increased to $2.5 billion by 2022. Mastercard partnered with USD Coin (USDC) stablecoin issuer Circle to facilitate crypto-based payment options for millions of users. Nexo has issued 55,000 cards since its launch in April that could be used at around 92 million merchants worldwide, allowing investors to spend up to 90% of the value of their crypto. The rise of digital payments aided by the COVID-19 pandemic has only made it easier for crypto to become more mainstream. Source