42% of Stablecoin Holders Want Crypto for Major Purchases
Cryptocurrency’s path into everyday commerce may look familiar via a card in a wallet, a purchase at the register and digital assets moving behind the scenes. That is the central opportunity in “From Asset to Everyday Money: Making Digital Currencies Spendable,” the July edition of the Payments Innovation Tracker® Series from PYMNTS Intelligence and Paymentology. […] The post 42% of Stablecoin…
42% of stablecoin holders aspire to use cryptocurrency for significant purchases, according to the report "From Asset to Everyday Money: Making Digital Currencies Spendable" published in PYMNTS Intelligence's July edition of the Payments Innovation Tracker® Series. Despite this interest, obstacles such as acceptance, trust, and inconsistent payment experiences hinder widespread adoption.
To bridge this gap, experts suggest leveraging existing financial institutions and fintechs. Seventy-one percent of stablecoin holders expressed willingness to utilize a linked debit card for spending digital assets, as these cards convert cryptocurrencies into traditional currency at the point of sale and process transactions through established payment networks.
This approach effectively connects consumer interest with merchant systems, facilitating a more seamless experience. Additionally, cross-border payments present another promising area for stablecoin utilization, as they can reduce costs, expedite settlements, and offer access to dollar-linked value. The report concludes with a positive outlook on digital asset adoption, emphasizing the importance of simplifying usage, integrating into trusted services, and capitalizing on familiar payment infrastructure.
Written by urgent.news from PYMNTS's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
