
The range of digital assets available on the market is growing day by day, with most of them aiming to be utilized as a means of exchange. This means that there are dozens, if not hundreds of competing projects trying to re-define money as we know it. Most of them are citing superior technical capabilities as to why their products succeed.
Among those are increased cybersecurity, transaction settlement speed, different emission mechanism, decentralization, and others. The only thing these products seem to be lacking is adoption — the number of people using digital assets for transaction settlements is minuscule and incomparable to the number of people still using fiat.
The problem with adoption lies, first and foremost, in low liquidity of digital assets — which is in a first-place a result of a lack of proper infrastructural solutions on the market. There are only a few solutions on the market that can provide a viable mode of everyday payments, robust and simple enough to be adopted both by consumers and merchants.
The product to solve this problem would have to be able to connect the dots between the parties that participate in the transaction — in most cases, a merchant and a customer. In order for the solution to be successful in acquiring merchants in its initial stages, it must include an option to establish the link between crypto and fiat finance and keep merchant’s side pegged to less-volatile fiat assets; to avoid possible drawdowns from the volatility of cryptocurrencies.

Cyclebit is so far one of the most advanced platforms in this field — it offers instant, on-demand liquidity to settle payments in crypto for any merchant, in Canada, Sweden, Spain and Vietnam, where we’re resting the network, and in dozens of other companies, where we are planning to launch over the next several years. It does so by having local liquidity providers in every country of operation while offering balanced conversion fees on the market.
The long-term objective of Cyclebit is to create a global network for crypto payments in which users could pay with their preferred currency in any restaurant, shop or service, which would ultimately drive the adoption of digital assets and make it a part of everyday life for millions of people.
Our near-future plans include expanding Cyclebit operations across Asia and Latin America, the two regions where the demand for crypto payments may exceed most expectations during a period of high volatility of many national fiat currencies (Argentina being a prime example).
The benefits of such expansion are obvious not only to people who want real adoption for digital assets but also for the merchants accepting them as a means of payment. The first bonus for merchants is rather obvious — growth in user base and revenue as many people are keen to use the services they can pay for in crypto.

Other benefits include more loyal clients, as it might be more convenient for some people to pay in crypto, and therefore they would stay with the company for longer. It is also important to mention chargeback fraud — one of the most popular methods of stealing fiat money from merchants. Another factor is lowered transaction cost — many people, especially in the West, are settling large-size payments with a credit card, paying anywhere from 2 to 4 per cent fees, which could be avoided by using crypto.
To conclude, it is fair to say that although there is a gap in infrastructure development for payments in crypto, there are platforms aiming to fill this gap and Cyclebit is leading the way both in terms of user experience and geographical availability. There is definitely a lot of demand for this solution, and connecting liquidity and merchants will serve greatly to accelerate broader crypto adoption.
Visit Cyclebit.io now to see how you can pay with crypto directly from your crypto wallet!
