Petr Kozyakov, CEO of Crypto Payment Payment Mercuryo platform, told Cointelegraph that the future of finance may not be a win-take-all scenario but a blend of digital assets and Fiat, each used where it was most meaning.
In an interview with Cointelegraph, Kozyakov said that while crypto payments see an increase in adoption and demand, the asset class does not fully replace Fiat money anytime soon. He said the two classes were together, along with people who chose a more convenient payment option in a variety of situations.
“We don’t think Crypto will replace Fiat,” Kozyakov told Cointelegraph. “They are together, and people will return to crypto if this is the easier, more practical choice, be it for payroll, harvesting or transferring money.”
Crypto Payroll gets momentum while expanding payment options
Crypto as a salary payment option is no longer a new one. Kozyakov told Cointelegraph that more companies repair employee salaries with crypto assets.
“That’s a growing trend,” Kozyakov said. “I see a lot of businesses starting to live with their full-time employees and their gig employees around the world, in crypto.”
As more employees receive crypto salaries, new challenges may appear. According to Kozyakov, workers who pay for crypto may ask what they can do in the next funds. “You can’t invest everything and just wait. You have to use it for sunny purchases,” Kozyakov told Cointelegraph.
This is where practical spending options are required. Kozyakov said crypto earlier people are looking for ways to use their digital asset earnings in sunny life situations, whether buying coffee, going out for drinks or repairing utility fees.
As crypto became an option for employee salaries, there was also a growing crypto reception with employee contracts with some constituents. In August 2024, a court in Dubai recognized crypto as a valid form of paying a salary.
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The crypto, a strong tool for moving and storing money
Cointelegraph also said Mercuryo looked at the crypto more than a speculation -owned but a powerful tool for moving and storing value. “Crypto is not just a possession; it is the perfect railroad to move the money and store money. And it’s important to spend it.”
The executive said that in practice, crypto spending can still be complicated. He said it needed a few steps, including moving it to an exchange, sending it to a bank account and answering “strange” questions from banks.
As such, he emphasized a need for an easier way to spend crypto directly. The executive said this is where their company is entering. On April 23, the firm of payment services Collaborated Using the Hardware Wallet Company Ledger on a crypto payment card that gives users to spend crypto where MasterCard payments are accepted.
Kozyakov told cointelegraph that crypto payment options would bring greater crypto adoption, not only as an investment, but as a real medium of exchange for daily life.
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