Crypto as the Future of Payments: How Archway Finance is Leading the Charge

In the ever-evolving financial landscape, cryptocurrencies have emerged as a disruptive force, transforming the way we think about payments. As a thought leader in the industry, Archway.Finance is at the forefront, driving the adoption of cryptocurrencies as the future of payments.

The Rise of Cryptocurrencies in Payments:

The acceptance and adoption of cryptocurrencies as a legitimate payment method are rapidly gaining momentum. According to a Visa survey in 2022, an impressive 24% of small and mid-size businesses (SMBs) expressed their intention to accept crypto payments. This highlights the growing recognition of cryptocurrencies such as Bitcoin (BTC) as a viable means of conducting transactions. In addition, the study revealed that 73% of respondents considered accepting new digital payment options as a key factor for their business growth. Every year, the adoption of crypto currencies is becoming stronger globally. 

Global Shift towards Digital Payments:

We can see that crypto currency adoption is not just limited to a few countries but has become a global phenomenon. The Visa survey encompassed 2,250 small business owners across nine countries, including the United Arab Emirates, Hong Kong, the United States, and Canada. Remarkably, 82% of these respondents indicated their plans to implement a digital payment option in 2022. This trend reinforces the idea that cryptocurrencies are increasingly being seen as the future of payments. However, crypto isn’t limited to the future only, it has real world applications we can take a look at right now. 

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Real-World Examples of Adoption:

Speaking at the Yahoo Finance All Markets Summit on Oct. 17, 2022 the CTO of Walmart outlined the retail giant’s positive stance on digital assets, noting that “crypto will become an important part of how customers transact” for both physical and virtual goods. Indeed, we have seen big strides for adoption by retail and tech giants, thereby providing millions the opportunity to experience crypto payment these include: 

• Paypal launched its Crypto Checkout in late 2021, suddenly providing millions of online retailers the opportunity to receive crypto payments thereby increasing adoption. With this service, millions of online retailers utilizing Paypal can seamlessly accept crypto payments, expanding their customer base and enhancing their revenue streams.
• Shopify, a leading e-commerce platform used by thousands of online retailers, integrated cryptocurrency payments into its platform in 2013.
• Microsoft has been accepting Bitcoin as a payment option since 2014.
• Walmart installed around 200 Bitcoin ATMs at their stores across the United States back in October 2021, with plans for 8,000 ATMs in the future.
• AT&T, a leading telecommunications company, through its partnership with BitPay, allows customers to pay their bills using Bitcoin. 

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These moves by sector giants not only provides convenient access to cryptocurrencies for customers but also signals the integration of digital assets into mainstream commerce.

Crypto is the Future 

Cryptocurrencies are rapidly emerging as the future of payments, with increasing acceptance and adoption by businesses worldwide. Archway.Finance, is at the forefront of this movement by simplifying fiat-to-crypto conversion and crypto to fiat conversion. Businesses pay in Euros and contractors get paid in crypto.Using Archway, you can send/receive money globally with lightning fast payments in just 24 hours, with a flat fee of 2%, and no sending limit or country restrictions.  Easy as that! 

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Join us in shaping the future of payments and together, let's unlock the full potential of cryptocurrencies to redefine the future of finance. To learn more please visit: https://archway.finance/

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