[Delio] Crypto on the Brink of Daily Usage: Crypto Salary Payment and Post Services
As a more affordable alternative to conventional fiat money, cryptocurrencies are about to outshine traditional money with the new era of crypto assets embedded in daily life, crypto media Blockworks and Finbold reported on July 12.
According to Philipp Sandner, head of the Frankfurt School Blockchain Center, people are flocking to cryptocurrencies as inflation soars in nations like Argentina, Brazil, Turkey, and some regions of Africa. As a more affordable alternative to conventional international money transfers, businesses use blockchain technology to seek talent globally and pay their employees in cryptocurrencies like Bitcoin, Ether, and US dollar-pegged stablecoins. Moreover, individuals employed by companies based in other countries find digital assets particularly useful regarding the time of transactions and no-tax limitations.
Meanwhile, following rising consumer demand, the Swiss Post Office has announced plans to expand its cryptocurrency entrance by launching a trading and custody product through its banking subsidiary, PostFinance.
Notably, more and more businesses have recognized cryptocurrencies as a key development sector that requires integration into its operations in recent years.
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