This is how the future founders will build on it

Crypto has long been criticized for its lack of intrinsic value. However, the shift towards contactless transactions amid the pandemic has emphasized the value of digital currencies and blockchain technology in the modern world.

Because of this, merchants have been slow to adopt cryptocurrencies as a means of payment. However, since it is widely used, we can expect more businesses to accept crypto in the future.

The global pandemic has changed the way many of us do business. The shift away from cash and face-to-face transactions to digital cashless transactions has brought the convenience of digital payments to many people. So it’s no surprise that crypto is gaining traction as a viable payment option – one that will only continue to evolve.

Major platforms like PayPal, Visa, and Mastercard are still in the early stages and have already started allowing customers to buy and transact crypto through their platforms. PayPal can now be used to buy and trade cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

Meanwhile, Visa allows users to transact with stablecoins on the Ethereum network. Mastercard also announced the launch of its crypto card in late 2021 and is expected to support most digital currencies in the coming years.

Traders still undecided about accepting crypto can rest assured that it’s here to stay. The cases for and against crypto as a payment method are slowly leveling out, and more businesses are likely to embrace it in the near future. Additionally, businesses can save on transaction fees by using crypto as a payment method. This is how the future founders will build on it

Fry Electronics Team

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