The Diary Game 02/02/2022 - Cryptocurrencies Form of Payment in The Future.

The survey was conducted on 2,250 small and medium business owners in nine countries, including the United States, Brazil, Singapore and Canada, and shows that digital currencies could begin to become a popular means of payment. Visa also surveyed 1,000 adults in the United States, along with 500 adults in each of the nine countries.

Most people are more confident in cryptocurrencies, said Jeni Mundy, Visa's global sales and purchasing manager, in an interview.

Despite the growing popularity among investors, cryptocurrencies are not yet widely used to pay for goods and services, in part because of volatility. Recently, Bitcoin has fallen by more than 7-8%, falling below $ 40,000 for the first time since September, but has since returned to nearly 40,000 today during the week.

Small and medium-sized businesses outside of North America are more open to accepting cryptocurrencies, including Bitcoin, as forms of payment. Visa has found that more than 30% of small and medium-sized merchants in the United Arab Emirates, Hong Kong, Singapore and Brazil intend to offer customers the option to pay using crypto in the coming months.

Cryptocurrencies have gained popularity in each of these countries, despite various regulations. In contrast, 19% of small and medium-sized businesses in the United States and only 8% in Canada expect to offer cryptocurrencies as a payment option in 2022.

Nearly three-quarters of surveyed companies worldwide reported that accepting new forms of payment is "fundamental" to growing their business. "For many smaller companies accepting new forms of digital payments, the adoption of crypto is just a natural development," added Mundy.

Switzerland is no exception, and the National Bank of Switzerland (SNB) announced last week that it has successfully used cryptocurrencies to settle transactions involving five commercial banks. Cryptocurrencies will make online payments possible, competing with current payment methods.

The experiment launched by the Zurich authorities is known as the "Helvetia Project" and could bring the use of cryptocurrencies closer by central banks. The world's largest central banks, including the European Central Bank (ECB), are looking at how their own digital currencies can play a role in simplifying domestic and foreign payments.

Through the "Helvetia Project", SNB integrated central banking digital currencies into payment systems and used them in simultaneous transactions, with UBS, Credit Suisse, Goldman Sachs, Citigroup and Hypothekarbank Lenzburg being involved in the experiment.

The data show that it was possible to make instant payments, payments between 100,000 and 5 million Swiss francs, eliminating the risk of counterparty. Now the participants in the project analyze the results of the experiment before deciding on future steps.

At the same time, the Swiss National Bank announced that it has successfully tested the digital version of the Swiss franc to affect major transactions between financial institutions, but has not yet decided whether to issue its own digital currency.

As we can see everywhere on the planet, the big financial institutions are in line with the trend of adopting cryptocurrencies as an alternative payment method and we cannot help but express our curiosity about the moment when all countries will also align with this trend. .

Leaving aside the last period... why has Dogecoin grown lately? Everyone started buying Dogecoin, and the market value of the currency increased by 12%. As Tesla begins to accept DOGE for freight payments. Tesla CEO Elon Musk has announced that the electric car maker is now accepting Dogecoin for freight payments.


WHEN DID MUSK DOGECOIN ADOPT?


On December 14, Musk first adopted Doge's integration into Tesla. He said that "Tesla will make some products that can be bought with Doge and will see how it works." This is the fifth consecutive day of earnings for meme currency, after rising 23.8% in the last week. The latest price action has made DOGE flip Avalanche (AVAX) the 11th largest cryptocurrency on the market. Learn more about the famous DOGE coin. Why has Dogecoin grown?

Why has Dogecoin grown? Currently, there are only a few items available in the Tesla store that can be paid for with DOGE.


WHAT CAN YOU BUY WITH DOGS?


You can buy with Doge including the Giga Texas belt buckle for 835 DOGE, a Cyberwhistle for 300 DOGE and a Cybersquad team for children. Cybersquad's price is now 12,020 DOGE. Musk, who once described himself as the "Father of the Dog," has a long relationship with the meme cryptocurrency. The head of Tesla has long advocated for Dogecoin, promoting the idea of ​​using cryptocurrency for payments. At the same time, his rocket company SpaceX announced a mission to the moon in 2022, with the payload paid in full in the meme currency.

Last year, Musk suggested that Dogecoin could beat Bitcoin "hands down." He also revealed that he has teamed up with Dogecoin developers in an attempt to make the cryptocurrency cheaper and greener.

Dogecoin also benefited from Musk's interest, with the billionaire's multiple tweets vehemently supporting the currency. Tesla's CEO has repeatedly pledged his loyalty to Dogecoin. His most recent statement was on Twitter last month that Musk said he was "pro Doge."