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Marching toward the mainstream - the future of crypto in the payments industry

Posted on 10 April 2023
Read time 3 mins
Author Josh Wells

Cryptocurrency has come a long way since the inception of Bitcoin in 2009. Initially, it was viewed as a speculative asset with no intrinsic value, but today it has emerged as an alternative form of payment that is rapidly gaining mainstream acceptance. 

In this blog post, we’ll explore the rise of cryptocurrency, uncover how crypto is already becoming part of mainstream payments and look ahead to the future, and what that may look like for crypto users moving forward. 

The rise of cryptocurrency 

It's no secret that digital currencies have gained immense popularity in recent years, with their market capitalization estimated to reach over $6.716 trillion as of 2025. While Bitcoin was the first cryptocurrency to gain mainstream recognition, other altcoins like Ethereum, Tether, and USD Coin are also making waves and gaining mainstream popularity.

So, why are cryptocurrencies becoming increasingly popular? Well, cryptocurrencies offer a new and innovative way of conducting financial transactions that are secure, decentralized, and accessible to anyone with an internet connection. Cryptocurrencies also have the potential to increase in value over time, making them an attractive investment opportunity for individuals and businesses alike.

Marching toward the mainstream adoption of cryptocurrency

Cryptocurrency is no longer a niche topic for tech enthusiasts and investors; it is gradually making its way into the mainstream. With major companies like Wikipedia, Microsoft, and AT&T accepting cryptocurrency as a form of payment, it is becoming more accessible than ever to use digital assets for everyday purchases. Imagine being able to top up your phone with Bitcoin, it may seem like a dream, but it is now a reality. 

Additionally, El Salvador and the Central African Republic (CAR) have recently adopted Bitcoin as a legal tender, which is a significant step in the direction of global cryptocurrency adoption. As a result, more countries are exploring the idea of accepting crypto as legal tender; this shift towards mainstream adoption of cryptocurrency is an indication of the growing trust in digital assets and their potential to revolutionize the way we conduct financial transactions.

Is cryptocurrency the future of payments?

Cryptocurrency is a game-changer when it comes to making payments. It offers a host of benefits that traditional payment methods simply cannot match. phone-bitcard

For starters, cryptocurrency payments are faster, as transactions can be processed in seconds or minutes, as opposed to days or weeks with traditional payment methods. Furthermore, crypto is more secure as it uses cryptography to protect users' funds and prevent fraud. Unlike traditional payment methods, where there is a risk of chargebacks, cryptocurrency payments are also irreversible, and they tend to be more cost-effective even for lower payment values of under $0.01.

But perhaps one of the most significant advantages of a cryptocurrency over traditional payments is its potential to promote financial inclusion. Cryptocurrency allows people who are unbanked or underbanked to participate in the global economy, which was previously not possible due to the barriers of traditional economic systems. 

Overcoming challenges and maximizing opportunities

While crypto can provide many benefits to its users, the cryptocurrency industry is not without challenges. One of the most significant risks associated with investing in cryptocurrency is volatility. Cryptocurrency prices can fluctuate rapidly, making it a risky investment for those who are not willing to weather the ups and downs and causing a lot of businesses to avoid taking crypto payments directly and instead make their services available to crypto users through crypto partners that offer a crypto offramp cash-out to gift cards service. 

Cryptocurrency has also been the victim of a lot of negative press. Media outlets are quick to focus on the volatility of crypto and any news relating to online scams associated with digital assets without taking into consideration the volatility and security of traditional payments in comparison.   

Despite these risks and biased press coverage, the cryptocurrency industry is still growing and presents countless opportunities for investors and businesses alike. As more companies begin to accept cryptocurrency, there is a growing demand for digital assets, and businesses that offer cryptocurrency-related services, such as exchanges and wallets, have the potential to reap significant rewards as the industry continues to grow.

Unlocking the potential of crypto with Tillo

Allowing crypto users to off-ramp their cryptocurrency onto digital gift cards is an easy way for crypto exchanges to make living on crypto more accessible than ever to their crypto users.

With Tillo, crypto partners can make a single connection to the world’s largest global e-gift card network of 2,000+ brands, allowing them to offer their users a new way to cash out their cryptocurrency and spend its value as fiat without having to wait days for crypto transfers to process or pay high exchange rates. 

Cash-out to Gift CardsAnd for brands and retailers looking to target crypto consumers, offering their gift cards as an offramp cashout option through Tillo’s extensive range of crypto partners can help them access a new market of consumers and reap the revenue potential tied up in crypto without needing to accept cryptocurrencies directly.


To learn more about the crypto cash-out process and discover the power of digital gift cards in helping you attract, engage and retain new and existing customers, get in touch with Tillo today. 



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