Ethereum co-founder Vitalik Buterin thinks the superiority of cryptocurrency payments is often underestimated compared to fiat, by analogy international payment facilities and payments to charities are preferred by most individuals.
This can be seen when Buterin made a comment on his Twitter saying that it is not just opposition to censorship, but making cryptocurrency easy when it comes to international business, charity and domestic payments.
In reality, payments using cryptocurrencies are growing rapidly worldwide as reports from PYMNTS data show that 85% of businesses with annual revenue exceeding $1 billion also accept crypto payments to acquire new customers.
In fact, the use of crypto is becoming more and more lively when there is a crypto debit card, including the collaboration of Binance and Mastercard in launching a prepaid card for Argentine citizens.
As proof, most cards like Wirex reward users with crypto cashback and the card facilitates spending in major cryptocurrencies, fiat currencies and cash withdrawals from ATMs.
As Vitalik points out, cryptocurrencies are especially useful when transferring money internationally or making charitable donations because they don't require a long period of time.
As a result, most individuals are not confident with crypto payments due to market price fluctuations, regulatory risks including high transaction fees and long processing times for certain cryptocurrencies, such as Bitcoin and Ethereum.
