62% of Merchants Eye NFTs as Part of Loyalty Schemes

62% of Merchants Eye NFTs as Part of Loyalty Schemes

April 7, 2022

Adoption Getting Bigger and Bigger on the Horizon

The data from the report is in line with other reports and trends in the market, which has shown a marked increase in online retailers and merchants in recent months. As governments have become open to the crypto asset class, retailers have become amenable to the idea of using it for payments.

Challenges remain, of course, and there will be some time before the widespread use of crypto as a payment means becomes a reality. Volatility is one of the top concerns, though stablecoins address that problem. However, there has been worry surrounding stablecoins from a regulatory perspective, but the market should see soon enough how officials tackle this.

In any case, as the report notes, friendly crypto regulation can result in many benefits for both merchants and customers. This can drive the economy forward and create new pathways for businesses, which have been hurt by the pandemic.

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