The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to a survey report conducted by Ripple and the US Fast Payment Council (FPC) among 300 payment operators in 45 countries, nearly 70% of payment operators predict that by 2025, there will be more than 300 payment operators in the world. Half of the merchants accept “cryptocurrency payment”, greatly expanding application scenarios.

 Crypto payments account for the bulk of remittances

The report further states that although global crypto payment transaction volume is not large relative to total payment volume, it is growing at an alarming rate.

It is speculated that in the United States alone, there will be more than 5.5 million users using cryptocurrency for payment in 2023 (a 350% increase in just three years). The top four application scenarios are: remittances, cross-border B2B payments, bank card payments, and Digital payments.

Among them, “remittances” account for the largest part. People working overseas often use cryptocurrencies when sending money to their families to avoid high transaction fees. Adoption has also been greatly boosted by payment giants such as PayPal and Stripe increasingly supporting Bitcoin payments.

“More than 50% of respondents believe that faster and lower payment costs (domestic and overseas) are the main benefits of adopting crypto payments.”

Apart from this, stablecoins such as USDT and USDC have also gained widespread adoption due to their low volatility. The report points out that the cost of using stablecoins for cross-border payments is 80% lower than traditional payment methods.

 Visa and Mastercard actively deploy crypto payments

Coin Circle (120Btc.com) reported this month that Visa and Mastercard have made frequent arrangements in the field of cryptocurrency in recent months. Visa just submitted to the United States Patent and Trademark Office (USPTO) in October last year regarding digital wallets, NFTs and yuan. Cosmic’s two trademark applications, Cuy Sheffield also disclosed in early February that Visa is testing USDC settlement and payment on Ethereum.

Mastercard also reached a partnership in February to launch a prepaid cryptocurrency card in Brazil. The card will allow all new Brazilian users and existing Binance users with a valid national ID card to use Bitcoin and Binance Coin (BNB). Use cryptocurrency to purchase items and pay bills.