🧵 Crypto as a form of payment remains in early innings, a tantalizing vision that hasn't come to fruition just yet, mikeybellusci writes. That said, new advances in the crypto payments niche are occurring daily. PaymentsWeek, presented by circlepay:
The good news, for anyone who was hoping for mass adoption of bitcoin : There's a viable retail use case for the cryptocurrency.
Whatever your stance, crypto as a form of payment remains in the early innings, a tantalizing vision that hasn't come to fruition just yet.That said, new advances in the crypto payments niche are occurring daily. Emphasis on niche. Crypto payments in digital consumer-to-business merchant commerce remains relatively small, representing about $6 billion of annual volume, according to apayments company Nuvei. This figure is minor compared to Nuvei’s estimate of the over $10 trillion market for total B2C ecommerce. About 15%-25% of crypto’s roughly 300 million global users are using crypto for merchant payments, Nuvei added.
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