Crypto spending will grow, but fiat isn’t going anywhere: Mercuryo CEO
Mercuryo CEO Petr Kozyakov told Cointelegraph that seamless crypto payment options will drive broader crypto adoption.
Petr Kozyakov, CEO of crypto payments platform Mercuryo, told Cointelegraph that the future of finance may not be a winner-takes-all scenario but a blend of digital assets and fiat, each used where it makes the most sense.
In a Cointelegraph interview, Kozyakov said that while crypto payments are seeing an increase in adoption and demand, the asset class won’t be fully replacing fiat money anytime soon. He said the two asset classes will coexist, with people choosing the more convenient payment option in different situations.
“We don’t think crypto will replace fiat,” Kozyakov told Cointelegraph. “They will coexist, and people will turn to crypto when it’s the easier, more practical option, whether that’s for payroll, yield or money transfers.”
Crypto as a salary payment option is no longer a novelty. Kozyakov told Cointelegraph that more companies are settling employee salaries with crypto assets.
“That is a growing trend,” Kozyakov said. “I see a lot of businesses that are starting to settle with their full-time employees and with their gig employees all over the world, in crypto.”