Nearly 60% of multinational companies are now using at least 1 cryptocurrency for cross-border payments, study shows
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A large portion of international companies are using cryptocurrencies for cross-border transactions, highlighting an increase in institutional adoption of digital assets, but fewer firms are extending crypto services to their clients, according to a study from data platform Pymnts.
57.6% of multinational companies are using at least one form of cryptocurrency, with bitcoin the most widely used, said Pymnts in a study conducted with Circle, the peer-to-peer payments technology company behind the USDC stablecoin. Stablecoins are cryptocurrencies tied to government-issued, or fiat money like the US dollar.
Usage of bitcoin was at 31% followed by stablecoins at 29% and ether at 24%, according to the study based
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