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The digital revolution has changed traditional payment methods forever. According to fintech expert Sergey Kondratenko, alternative payment methods are expected to grow in the coming years, and existing digital payment technologies will develop. One of the technologies that has already reached the global level is cryptocurrency.
Cryptocurrencies, like any innovation, are experiencing fluctuations in the financial sector, but their mass use continues to grow. Many companies around the world already accept cryptocurrency payments, and this gives them a competitive advantage.
The cryptocurrency market experienced a significant decline in the first half of 2022, with Bitcoin and Ethereum prices falling by more than 50%. Despite this, the mainstream adoption of cryptocurrencies continues to grow. Sergey Kondratenko says that about 15 thousand companies around the world today accept payments in Bitcoin. In America alone, services are provided daily and goods worth over $1 million are purchased, which are paid using bitcoins. This is direct evidence that the world is being rebuilt and switching to convenient digital money.
Most companies that have already adopted cryptocurrency as a payment method report a positive impact on their performance, such as growing their customer base and strengthening their brand. But there are also negative aspects that, according to the expert, should not be kept silent about.
Sergey Kondratenko is a recognized specialist in a wide range of e-commerce services with experience for many years. Now, Sergey is the owner and leader of a group of companies engaged not only in different segments
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