Crypto payments: Increase in cross-border sales for merchants

An analysis from shows that crypto payments are still relevant amid the crypto winter. In fact, 77% of businesses that accept cryptos payments reported a rise in international sales.

Commenting on the analysis, CryptoMonday’s CEO Jonathan Merry said: ” Cross-border crypto payments are increasingly becoming popular among businesses as they provide a hassle-free way to receive payments from international clients. The trend is likely to continue as more businesses wake up to the benefits of crypto payments.”

The use of blockchain technology in business is becoming more widespread as companies attempt to address the sourcing disruptions caused by the COVID-19 pandemic. By providing a straightforward and immutable record of transactions, blockchain can help to ensure compliance with cross-border regulations and improve the efficiency of supply chain management.

Walmart is utilizing blockchain to create a more automated process for handling invoices and payments from its 70 third-party freight carriers. To ensure the safety of their products, Walmart has sent letters to their suppliers of farmed goods, urging them to begin tracking produce using blockchain technology. The full story and statistics can be found here.

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