12-18-2024, 01:41 PM
Stablecoins paves a way for innovative breakthroughs revolutionizing ecommerce providing stable, efficient and cost-effective payment solutions. There is a preferable increase in adoption of stablecoin payments in ecommerce as it is a growing business, merchants especially discern their benefits and a recent study shows that 64% consumers are interested in stablecoin payments. Technological advancements in decentralised finance (DeFi) and smart contracts also enhance the utility of stablecoins. The Main advantage of using stablecoins in Ecommerce platforms that save payment processing fees and facilitates cross-border transactions. The use of stablecoins is on the rise in the current scenario, Companies like PayPal and Facebook are exploring integration with stablecoins into their payment systems. As the digital economy gains traction, stablecoin play a pivotal role in transforming businesses and 74% of retailers are ready to accept stablecoins within the upcoming two years.
