What does Ethereum’s Buterin think about ‘underrated’ crypto-payments

ambcrypto.com:

Ethereum co-founder Vitalik Buterin recently tweeted that cryptocurrency payments are superior because of censorship resistance and convenience. This change has given a significant boost to international businesses, charities, and payments within countries, he added.

Big boost to international business and charity, and sometimes even payments within countries.

— vitalik.eth (@VitalikButerin) August 24, 2022

A January 2022 report by Crypto.com revealed a picture of the financial world, one where cryptocurrencies are being increasingly adopted. In 2021 alone, the global crypto-population increased by 178%, rising from 106 million in January to 295 million in December.

As we can see, the monthly growth of crypto-users closely corresponds to Bitcoin’s price. 

Crypto-adoption rate was high back in July-August 2021, but it dropped significantly in September with restrictions in many countries such as China. 

We can also see that Bitcoin and Ethereum remain the most popular cryptocurrencies among users, with the former’s share remaining nearly 60%.

BrandEssence Market Research published a study in June 2022, predicting that the global crypto-payment gateway market is expected to grow with a CAGR of 22.8% between 2022 and 2028.

While North America is expected to capture the largest share in the global crypto-payment gateway market, Asia Pacific is expected to witness the fastest growth in the market.

“Increasing adoption of cryptocurrencies broadly is one of the major factors driving the growth of the global crypto payment gateway