Some solutions even go as far as allowing merchants to receive crypto payments in their preferred traditional banks. The second model caters to brick and mortar outlets, thereby allowing customers to physically pay for goods or services with cryptocurrencies.
Crypto payment solutions come with the tools that would project prices based on the current exchange rates of cryptocurrencies, allow customers to make instant payments, and store the funds in predefined storage facilities. Some solutions even go as far as allowing merchants to receive crypto payments in their preferred traditional banks.
Merchants are skeptical about incorporating a payment system that makes them susceptible to crypto thefts and scams. This notion holds as retailers would have to convert cryptos to fiat money in exchanges, which might expose them to all sorts of threats.
Merchants getting ready for crypto - Deloitte www2 deloitte com/content/dam/Deloitte/us/Documents/technology/us-cons-merchant-getting-ready-for-crypto pdf Merchants getting ready for crypto Merchant Adoption of Digital Currency respondents were from the consumer goods and services industry with a 10
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Cryptocurrency Payments Report - PYMNTS com www pymnts com/wp-content/uploads/2021/05/PYMNTS-Cryptocurrency-Payments-Report-May-2021 pdf What is driving consumers' growing interest in using cryptocurrency for making day-to- day payments and why should merchants pay attention? The following study
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Nets Group brings cryptocurrencies to shop tills in Austria www nexigroup com/content/dam/corp/downloads/media/press-release/2021/2021-03-31-PR-Nets-Group-brings-cryptocurrencies-to-shop-tills-in-Austria pdf Robert Hoffmann CEO of Nets Merchant Services: “The introduction of digital currencies by Early-adopters in Austria already offer crypto payment
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Digital Currency: Visa's Vision for Supporting the Future of Money www visa es/dam/VCOM/regional/na/us/Solutions/documents/visa-digital-currency-overview pdf Crypto value-added services of meaningful use cases for consumers merchants and Though the use of cryptocurrencies for everyday spend