Crypto adoption: is retail the key to this development?

Despite the popularity of virtual money, crypto adoption has been quite an issue. According to recent announcements, things might soon change and this would be partly due to retail outlets. A lot of firms now allow customers to settle their bill with cryptocurrency, which might increase its use in everyday life.

What are some of the companies accepting this currency? Earlier this month, the crypto firm offering the Pay Checkout plugin announced its collaboration with WooCommerce merchants. Thus, those buying from the marketplace, which claims to make up about 30 percent of the world’s online stores, will be able to pay with their digital assets. Moreover, Dash has partnered with various payment providers and a lot of retailers in France are planning to accept Bitcoin by 2020. This technology can even be used to purchase food at refugee camps.

Does this mean that cryptocurrency will make its big break soon? Experts have advanced that this is not the case since crypto retail is still in its early stages of adoption. This is because most physical retailers feel that there is not enough demand for virtual money to invest a lot of funds and energy into it. People do not go to buy groceries with Bitcoin. However, interest to adopt this tech can be noticed among online merchants.

Retailers are starting to accept Bitcoin