"Picture this: You walk into a coffee shop, order a latte, and pay with your phone. To you, it feels like checking out with Venmo. And to the cashier, it's business as usual. But behind the scenes, something different is happening: You just paid with crypto. This isn't science fiction-it's already happening. From Starbucks to Walmart, retailers are rolling out crypto acceptance, and consumers are responding."
"For merchants, crypto isn't just another payment button-it's a way to improve the bottom line. Traditional payment rails come with added fees and delays that can get in the way. But now, crypto processors help convert crypto to fiat currency-government-issued currency that is not backed by a physical asset like the U.S. dollar, gold, or silver-so merchants can accept crypto at checkout seamlessly."
Retailers from Starbucks to Walmart are rolling out crypto acceptance, and a significant share of U.S. consumers are using or willing to use crypto for purchases. Surveys indicate 39% of crypto holders have shopped with crypto and 23% of non-holders would use crypto if available. Crypto payment processors generate a wallet address for each transaction, verify payments on a blockchain, and automatically convert received crypto into the merchant's preferred fiat currency. Conversions typically settle immediately at locked-in rates to avoid token price fluctuation and deposit funds into retailers' bank accounts. Stablecoins provide a low-volatility option. Crypto payments often involve fewer fees and faster settlement than card networks.
Read at Fast Company
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