He said the two asset classes will coexist, with people choosing the more convenient payment option in different situations. “We don’t think crypto will replace fiat,” Kozyakov told Cointelegraph.“They will coexist, and people will turn to crypto when it’s the easier, more practical option, whether that’s for payroll, yield or money transfers.”Mercuryo Petr Kozyakov at the Token2049 event in Dubai.
In August 2024, a Dubai court recognized crypto as a valid form of salary payment. Related: OKX exec warns against hype amid real-world asset tokenization boomCrypto, a powerful tool for moving and storing moneyThe executive also told Cointelegraph that Mercuryo views crypto as more than just a speculative asset but a powerful tool for moving and storing value.“Crypto is not only an asset; it’s the perfect rail to move money and store money.
Petr Kozyakov, CEO of crypto payments platform Mercuryo, told Cointelegraph that the future of finance may not be a winner-takes-all scenario but a blend of digital assets and fiat, each used where it makes the most sense. In a Cointelegraph interview, Kozyakov said that while crypto payments are seeing an increase in adoption and demand, the asset class won’t be fully replacing fiat money anytime soon.
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Author / Journalist: Cointelegraph by Ezra Reguerra
The story "Crypto spending will grow, but fiat isn’t going anywhere: Mercuryo CEO" has 522 words across 23 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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