How Merchants Have Adopted Cryptocurrencies
The blockchain industry has grown drastically over the years which has had an impact on consumers as well as merchants. Statistics have shown that over 150,000 merchants around the world accept payment using digital currencies, something that is unheard of many years ago. The majority of these merchants are online with offline merchants only representing about 5% of this market. The fact that so many big and influential companies are adopting cryptocurrencies will undoubtedly lead to other companies around the world to follow suit.
The adoption of the digital currencies by the major brands around the world such as Microsoft and Expedia add more credibility to the use of cryptocurrency as a major payment. Additionally, the fact that other big game players such as Facebook are considering to implement cryptocurrency payments into their platform means that the industry is moving and growing in the right direction.
To date, the number of transactions using Bitcoin has grown from zero to 2 million per day in 10 years. Furthermore, in 2017 alone the number of retailers that accept cryptocurrency as a form of payment rose by 30%. An important thing to note is that consumers hope that eventually they would be able to use cryptocurrencies to pay for everyday purchases such as groceries, since at the moment digital assets are not suitable to support such tremendous volume of transactions.
Eventually, the usage of digital currencies as a form of payment will become the norm and this is where X-Infinity has a part to play. The fact that there are thousands of digital currencies available on the markets means that people would need multiple wallets to hold all the different types of digital assets they may have. X-Infinity is a secure wallet that allows all your cryptocurrency assets to be collected into ONE single wallet spendable ANYWHERE. The wallet is linked to a debit card, which you can spend at any retailers that accept payment using debit cards. Additionally, the debit card also allows for international ATM cash withdrawals meaning you can bring your digital assets with you wherever you go.
To find out more about the X-Infinity wallet, check out our website at http://www.xinfinity.io/
