Cryptocurrencies as Payment Means in Malaysia?

Cryptocurrencies are gaining more traction among consumers, businesses, and investors. This article is about the surge in the interest in cryptocurrency payments and the growth of cryptocurrency in Malaysia, as one of the 1st countries establishing regulations on cryptocurrencies. So, let’s move forward.

Cryptocurrency Payments

Cryptocurrency, a digital currency that you can use for exchanging things on some sites, has become of special interest among people and businesses.

COVID-19 resulted in unprecedented growth for cryptocurrencies. People’s and businesses’ interest in crypto money has skyrocketed this year. Crypto ATMs are growing in number all over the world: in fact, they’ve already increased by 70% this year. By the way, the U.S. is a leading country in the adoption of crypto ATMs

Did you know that last year, about 13% of Americans purchased or sold a cryptocurrency such as Bitcoin, Ether, or Dogecoin? This is according to the National Opinion Research Center at the University of Chicago.

You may say that cryptocurrencies aren’t the go-for option for everyone because of their volatile nature. However, e.g., Bitcoin is a highly popular cryptocurrency these days and grew by about 300% in value last year.

By the way, lawmakers in Washington D.C. and just around the globe are working on creating laws and guidelines to better regulate cryptocurrency, thus making it safer for users. If you’re interested in cryptocurrency payments, you should turn to a respectable payment processing company in the U.S. to get easily approved for the most reliable and cheapest cryptocurrency merchant account.

Just take the time to see what options you have, draw a parallel among them to pick the best solution for your financial needs.

Cryptocurrencies in Malaysia

Some specialists in the field think the future won’t be without cryptocurrencies. Others don’t think crypto money will have a long history. The 1st group views cryptocurrency as an actual potential competitor to banks. Be aware that MasterCard is also moving forward as a top company in the developer ecosystem of Decentralized Finance (DeFi) with cryptocurrencies.

What about the countries where cryptocurrencies are growing as a means of payment? Let’s take Malaysia. Crypto enthusiasts in the country are calling for more businesses to start accepting Bitcoins. Malaysia considers cryptocurrency an option that can offer an advantage over the conventional currencies. Now, the country is among the 1st ones to come up with a regulatory framework in the filed.

Considering Cryptocurrency as a Payment Option

Bitcoin and other cryptocurrencies are surging in popularity both among people and businesses. If you’re among merchants who see growing value in this type if currencies, work with a reputable merchant processor to start accepting crypto from your customers.

Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that can best help you with cryptocurrency payments. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.