However, we are now at a point of market inflection. Several forces of disruption and market initiatives have come to the forefront. This helps create the perfect for accelerated acceptance and usage of cryptocurrencies in C2B commerce. Regulators globally are intensifying their scrutiny of crypto which we expect to give way to greater regulatory clarity. Accelerating evangelism from key payments ecosystem stakeholders and influencers is driving awareness and interest.
Technological innovations such as non-fungible tokens (NFTs), stablecoins, and central bank digital currencies (CBDCs) expand the horizon of possibilities for merchants and consumers. While hurdles and uncertainties remain as to when and how cryptocurrencies will go mainstream, we expect crypto payments to emerge as a viable and widely-used medium of exchange in digital commerce in the next several years.
This white paper examines the history, current state, and future expectations for the evolution of crypto payments.