5/2/2023 0 Comments Bitpay amazon![]() ![]() Other retailers or payment providers could follow Walmart and Amazon’s lead in developing a native stablecoin. Amazon is also considering developing its own cryptocurrency, which could be used as a rewards tool and could also be integrated into the etailer’s co-branded cards.This is part of the retailer’s larger plan to venture into the metaverse, but its virtual currency-likely a stablecoin-could also be used in-store and for its digital business. Walmart is looking into creating its own cryptocurrency and a collection of non-fungible tokens (NFTs), according to recent trademark applications found by CNBC.Large merchants are already preparing for such a future: And 75% said adding new forms of payment was “fundamental to their business growth.” The rising popularity of stablecoins could further move the crypto payment adoption needle for both consumers and merchants. ![]() The bigger picture: Twenty-four percent of small businesses surveyed across nine countries plan to accept crypto payments, including Bitcoin, according to data from Visa’s Global Back to Business Study cited by NFCW. In the meantime, stablecoins are the most practical option to encourage crypto payments adoption: Gartner argued in February that financial companies should turn their attention away from Bitcoin trading and toward supporting stablecoin transactions on blockchains. Consumers are also sometimes unwilling to pay in Bitcoin since most owners use the asset as an investment vehicle and want to hold onto the tokens in the hope they will be worth more in the future.Ĭentral bank digital currencies (CBDCs) could also be strong payments contenders, but development is slow-the US is years away from launching a digital dollar. That makes their valuations less volatile, which is a major roadblock to using traditional cryptos like Bitcoin for payments. Why this matters:Stablecoins are pegged to the value of an underlying asset, like the US dollar or gold. ![]() ![]() In 2019, BitPay facilitated $1 billion worth of crypto transactions between its card, wallet, and browser extension. The company also offers a Mastercard debit card that lets consumers spend in crypto. Mercuryo is not affiliated with any other similar website domains and is not responsible for any acts taken by their owners.BitPay helps merchants accept cryptos at the point-of-sale (POS). Be aware of scams: Mercuryo provides its services only via mercuryo.io and the official mobile application. (registered in Canada under incorporation number BC1306168, MSB registration number: M21565803), MoneySwap OÜ (registered in Estonia under incorporation number 14461101, License number: 14461101) Fiat pay-in and pay-out services are provided by MoneyTea LTD (operating under the laws of England and Wales, registered in the FCA as PSD Agent (FCA Reference number: 850523) of Cauri LTD, an authorized Payment Institution with FCA firm reference number: 683817) IBAN services are provided by Monetley, operating under the laws of England and Wales, registered in the FCA as Electronic Money Institution (EMI) (FCA Reference number: 900921). Cryptocurrency buy and sell services are provided, where applicable, by MoneyAmber UAB (registered in Lithuania, incorporation number 305963633), MoneyMaple Tech LTD. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |