Crypto spending will grow, but fiat isn’t going anywhere: Mercuryo CEO
The post Crypto spending will grow, but fiat isn’t going anywhere: Mercuryo CEO appeared on BitcoinEthereumNews.com. Petr Kozyakov, CEO of crypto payments platform Mercuryo, told Cointelegraph that the future of finance may not be a winner-takes-all scenario but a blend of digital assets and fiat, each used where it makes the most sense. In a Cointelegraph interview, Kozyakov said that while crypto payments are seeing an increase in adoption and demand, the asset class won’t be fully replacing fiat money anytime soon. He said the two asset classes will coexist, with people choosing the more convenient payment option in different situations. “We don’t think crypto will replace fiat,” Kozyakov told Cointelegraph. “They will coexist, and people will turn to crypto when it’s the easier, more practical option, whether that’s for payroll, yield or money transfers.” Mercuryo Petr Kozyakov at the Token2049 event in Dubai. Source: Cointelegraph Crypto payroll gains momentum as payment options expand Crypto as a salary payment option is no longer a novelty. Kozyakov told Cointelegraph that more companies are settling employee salaries with crypto assets. “That is a growing trend,” Kozyakov said. “I see a lot of businesses that are starting to settle with their full-time employees and with their gig employees all over the world, in crypto.” As more employees receive crypto salaries, new challenges can emerge. According to Kozyakov, workers paid in crypto may ask what they can do next with their funds. “You won’t invest everything and just wait. You need to use it for everyday purchases,” Kozyakov told Cointelegraph. This is where practical spending options are needed. Kozyakov said that crypto earners are looking for ways to use their digital asset incomes in daily life scenarios, whether buying coffee, going out for drinks or settling utility bills. As crypto becomes an option for employee salaries, there has also been a growing acceptance of crypto in employee contracts in some…
The post Crypto spending will grow, but fiat isn’t going anywhere: Mercuryo CEO appeared on BitcoinEthereumNews.com.
Petr Kozyakov, CEO of crypto payments platform Mercuryo, told Cointelegraph that the future of finance may not be a winner-takes-all scenario but a blend of digital assets and fiat, each used where it makes the most sense. In a Cointelegraph interview, Kozyakov said that while crypto payments are seeing an increase in adoption and demand, the asset class won’t be fully replacing fiat money anytime soon. He said the two asset classes will coexist, with people choosing the more convenient payment option in different situations. “We don’t think crypto will replace fiat,” Kozyakov told Cointelegraph. “They will coexist, and people will turn to crypto when it’s the easier, more practical option, whether that’s for payroll, yield or money transfers.” Mercuryo Petr Kozyakov at the Token2049 event in Dubai. Source: Cointelegraph Crypto payroll gains momentum as payment options expand Crypto as a salary payment option is no longer a novelty. Kozyakov told Cointelegraph that more companies are settling employee salaries with crypto assets. “That is a growing trend,” Kozyakov said. “I see a lot of businesses that are starting to settle with their full-time employees and with their gig employees all over the world, in crypto.” As more employees receive crypto salaries, new challenges can emerge. According to Kozyakov, workers paid in crypto may ask what they can do next with their funds. “You won’t invest everything and just wait. You need to use it for everyday purchases,” Kozyakov told Cointelegraph. This is where practical spending options are needed. Kozyakov said that crypto earners are looking for ways to use their digital asset incomes in daily life scenarios, whether buying coffee, going out for drinks or settling utility bills. As crypto becomes an option for employee salaries, there has also been a growing acceptance of crypto in employee contracts in some…
What's Your Reaction?
