A recent study by Paysafe finds that a staggering 80% of crypto owners prefer to make payments using their crypto assets.
Paysafe — an established payment solution firm found that out of the 3,000 crypto users they surveyed, 91% believe online payments via crypto will be as common as paying by card or contactless, and 59% believe this could be a formality in the next five years.
“With this positive outlook for the growing popularity of crypto payments in spite of the current market volatility, retailers that are innovative and forward-thinking enough to be among the first to accept crypto could gain competitive advantage, increased brand awareness and market share,” said Elbruz Yilmaz, SVP of Crypto at Paysafe.
The Gap in the Point of Sale Market
While there is a growing number of services dedicated to making crypto payments easy and accessible to merchants, there are still a lot of limitations to the reach of these services. Mainly, most of these services operate under Visa and Mastercard which are only licensed to function in several continents such as America and Europe.
This would then leave a huge gap for crypto holders residing in Asia, for example. The Asian continent is home to about 130 million crypto holders, the largest amongst any other continent. However, despite the number, most Asia and Southeast Asia crypto holders are only able to spend their crypto online or after going through tedious KYC processes to convert their crypto into local currencies.
Helping Asia Crypto-Holders Make Payment via Crypto
Newcomers like FINX are dedicated to enabling Asia Crypto-holders specifically, as well as crypto-holders around the world to make seamless everyday transactions with their crypto, whenever, wherever they are.
With a complete ecosystem equipped with a Wallet Extension, dApp, FINSWAP, and FINTap, FINX aims at being an all-in-one platform for crypto holders to do anything from buying, investing as well as spending their crypto in the real world.
FINX is dedicated to making crypto-payments a way of life, in line with Paysafe findings where 88% of people surveyed believe crypto payments will be as common as store payments, with 47% hopeful that this trend will transpire in the next five years.
About FINX Global
FINX is the future of finance that aims to promote digital asset payments into the financial system, enabling seamless digital payments that are accepted globally.
As a result, FINX will put an end to the intensive process of Crypto to Fiat conversion by providing a platform to the global audience that enables anyone from anywhere across the world to seamlessly transact and participate in the world of digital assets conveniently and faster than before. This vision will therefore enable the world to better understand cryptocurrencies and digital assets, fueling mass adoption.
Social Media & Communities
Website: https://finx.global/
Discord: https://discord.gg/Est8APyRyu
Twitter: https://twitter.com/FINXSupport
Telegram Announcement: https://t.me/finxcapital
Telegram Community: https://t.me/FINXGLOBAL