The scenario of payments
that happens to exist in the entire world right now is seeing a shift as the introduction of cryptocurrency has brought itself because nowadays people are leaning more towards digital ways of transactions and that includes applications like the UPI which is very popular here in India as well as other ways of transacting online which is a very Swift in an easy method that people are choosing themselves to be more use than cash and other methods and that is why the digital assets are also gaining a lot of traction in the same aspect.
The payment method that going to include an option for cryptocurrencies is increasing now and then and almost every other business is getting itself involved in getting that particular option available for the customers and it is happening at a very Rapid basis we can see every now on then one or the other business is announcing the same and getting it applicable for all of your services and that is something which is a significant move for the entire currency equal system as it is going to have a definite and huge impact for the cryptocurrency sector.
Penetrating the already existing market for any new or emerging technology is the biggest challenge and cryptocurrencies are embracing it in really very nice ways as we can see that is happening right now. The massive growth that the digital assets industry has seen in the recent months or years to be precise has been remarkable and getting into so much of the entire sector is a very big thing.
Many big and recognized payment gateway such as Paypal have even gotten themselves involved with the cryptocurrency sector which is a big statement for the entire industry as that indicates that they do have a belief in the sector and looking towards that to have themselves involved so that they can have in the future after particular sector and that is happening with a lot of other companies as well one of the most recent examples can be AXS.
AXS Singapore has now recently announced that Ratiya going to enable a lot of bills and finds and a lot of the payments that were already available on their platform that customers could do using their application now going to have a new payment option in the market which is is going to include cryptocurrencies. The payment platform AXS has now partnered with Triple-A which will now be allowing customers to use four digital currencies for payment services that are available on the platform and there are about 550 payment services that can be done using digital currencies such as crypto, however, 50 such services which include credit cards and bank loans are going to be restricted from this usage of digital currencies but apart from that, every other payment service is going to have the option for payment with the help of digital currencies.
The payment services include things like recurring payments such as road tax and other fees as well which means that the services are going to be happening to get themselves involved with the auto pace service with digital currencies which is going to mean quite a lot of transactions that are involving digital currencies which is a big Thumbs Up For The Crypto ecosystem and industry as well because we will see more activity on the Crypto side.
Right now these options are only limited to the mobile application of AXS however they are planning to get all of their services which will include digital currencies as a payment option by the end of the second quarter of 2024 on their website as well. The collaboration with Triple-A has enabled them to get an even more diverse user base as they already had a very big user base that is involved in payment services and uses their platform on a very regular. Now and now they are going to have the services of cryptocurrency with the addition of Triple-A which means quite a lot of a jump or a spike in the users that is going to have a diverse base that will involve people who will use traditional ways of transactions as well as the cryptocurrency users.
It is exciting to see how this move and decision is going to turn out in a couple of months as there will be a lot of other additions that are going to be made along the way and this decision to introduce the option for cryptocurrency on such a big platform that already had such a big userbase will mean to have a lot of traffic from either side and at the end it will have a big impact on the Cryptography as a whole.
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Posted Using InLeo Alpha