|
Coinfirm logo

Cryptocurrencies are increasingly being integrated into payment processors

Payment Processors in Crypto

The crypto market is constantly evolving and has been gaining more and more traction in recent years. With the rapid growth of cryptocurrencies, many payment processors have begun integrating them into their services, allowing users to make payments with cryptocurrency.

On average, 11% of incoming Ethereum (ETH) transactions have gone through payment processors in the last seven quarters, with these numbers increasing as more people use cryptocurrency for payments. Furthermore, this number is expected to continue growing as more major companies begin to accept cryptocurrencies as a form of payment.

These developments in the crypto space demonstrate that cryptocurrencies are gradually being integrated into mainstream services and could replace traditional forms of payments over time. For example, Visa recently announced its plans for a pilot program enabling USDC stablecoins on its network, which could be a sign of things to come for the industry as a whole.

Although there are still some issues with regulations around cryptocurrencies, there is no doubt that this sector is growing at an unprecedented rate. As companies continue working on developing better infrastructure solutions that meet industry standards and consumer preferences, it is highly likely that we will see increased adoption of cryptocurrency technologies over time – especially among businesses looking for faster, cheaper ways of transacting money around the world.