Cryptocurrencies continue to crowd fiat. For example, in 2024, the volume of operations with stablecoins cost the indicators of Visa and MasterCard payment systems.
Fyodor Ivanov, the director of the Analytics “Shard”, is sure that in 2025 cryptocurrencies will continue to conquer a place in the financial market. He called coins that, in his opinion, can become a popular payment for everyday calculations.
Cryptocurrencies against fiat
Cryptocurrencies continue to conquer their place from traditional finances. The process takes place in many countries of the world where new financial instruments associated with the cryptocurrency market appear. Most often, this applies to investments – investment crypto funds are already offered in the USA, Canada, Australia, Brazil and some Asian countries. Even in Russia there was an attempt to release bonds tied to crypto -etf, but it ended in failure-the Bank of Russia annulled the release of these securities.
In the payment industry, similar processes occur – most large companies try to integrate digital assets into their products and, thereby, remain within the world trend.
As for payments, first of all, stablecoins are used for this – digital money created in order to replace fiat calculations sooner or later. According to the CEX.io crypto -tank – one of the largest exchanges in the world – the volume of transactions in stablecoins in 2024 exceeded the volume of transactions made in payment systems MasterCard and Visa. But this statistics do not include other cryptocurrencies that are also used for payments.
Classical crypt for payments
Many popular classic cryptocurrencies, as well as stablecoins, have come a long way from unknown coins, to popular tools for calculation. Consider the details of popular digital assets in the details.
Bitcoin (BTC)
Bitcoin is an unconditional leader in adoption and use in the world. It was without reason that in 2024 his market share did not fall below 50%. Bitcoin is already used as a means of payment around the world, which is facilitated by the implementation of Lightning.
BTC as a means of payment in online trade is accepted by many companies in various fields: from cars to utilities and taxes. In most countries of the world, where cryptocurrency is settled, car dealers, as well as real estate agencies and sellers of luxury goods, accept Bitcoin and Steiblcoins. There are special sites selling luxury cars for bitcoin. The most striking example is Cryptoautos.
Ripple (XRP)
XRP is a cryptocurrency created by Ripple. The coin works on its own blockchain. XRP is a key element of the Ripple Ecosystem, which is used to accelerate calculations in many financial companies in the world.
The coin itself is currently not popular as a means of payment, but this is probably due to the fact that Ripple has been involved in judicial disputes with American regulators for the past few years. With the advent of Donald Trump’s White House, the claims against Ripple began to recall. At the same time, cryptocurrency itself can become one of the assets selected in the US crypto -cutter.
XRP is a deflation coin, its emission is limited, and the technical solutions used and a special consensus algorithm make it a real candidate for payments in jurisdictions, where regulation is focusing on transparency and safety.
In fact, XRP is private cryptocurrency. All network validators are held by the KYC procedures for Ripple, which makes token one of the safest and least used for criminal purposes. Cases of large thefts of the XRP are single, the coin is not popular among criminals and for the purpose of laundering money.
An important detail – immediately after weakening the pressure on Ripple by the American authorities, the company received a license to make cryptocurrency payments in the UAE. The more customers use Ripple solutions, the more confident the company token will feel.
Litecoin (LTC)
Technologically similar to the Pow Monet Bitcoin has long been in the market and gained popularity thanks to faster than bitcoin, transactions and smaller commissions. Litecoin is a popular coin that has strong support from the community. As in the case of BTC, halvings occur in the network of cryptocurrencies, and her offer is limited. The emission of Lightcoin – 84 million coins.
For a very long time, Litecoin has been in the shadow of bitcoin, but the more expensive the first cryptocurrency becomes, the more interesting people to go into similar products with a smaller threshold of the entrance. Therefore, in 2024, the price of Litecoin almost doubled, reaching $ 135 per coin.
Like Bitcoin, Litecoin is already actively used in payments and will be used further. It has already been introduced by many sites, as well as payment giants, such as PayPal and Venmo for users in some jurisdictions, first of all, the United States.
Toncoin (ton)
Ton, although it experiences volatility in connection with the arrest of Pavel Durov in France, has significant potential for use in crypto payments. The project blockchain is known for its high transactions processing and low commissions, which makes it attractive to payment systems.
Toncoin is closely related to Telegram, which provides it with widespread and ease of use for messenger users. Actually, the Ecosystem of Applications and Marketplaces Telegram is largely based on Ton as a payment product.
Toncoin appeared recently, and is already accepted as a means of payment. The same service of elite cars Cryptoautos integrated a coin on its site.
Ton Foundation is actively promoting a coin in the Mena and the CIS region, which further stabilizes its course by attracting new users. Positively to the future of Toncoin also allows you to watch permission to leave Pavel Durov from France, which suggests that positive shifts were clearly outlined in the trial against him.
The crypt is conquered by the planet
In 2025, further development of the regulatory framework for cryptocurrencies is expected. In Russia, for example, digital currencies are officially recognized as property and taxed. An experimental legal regime has earned in the country, which allowed to officially use coins for cross -border calculations.
The Mica regulations fully earned in the EU, which, despite its severity, makes the rules for using cryptocurrencies understandable and transparent not only for specialized companies, such as crypto -rhinas, but also for other unprofessional market participants.
The development of second -level solutions (Layer 2) for networks, such as Ethereum and Bitcoin, will increase speed and reduce the cost of transactions, which will also make cryptocurrencies more convenient for everyday payments. And companies that offer solutions to accept cryptocurrency payments as a service simplify integration for business and contribute to the spread of cryptocurrencies in everyday transactions.
Since there are more and more jurisdictions where cryptocurrencies are legal, their use in everyday payments will also grow. Countries also do not lag behind – much where, including the United States, Brazil, Argentina, Switzerland and some EU states, you can already pay taxes in cryptocurrency, as well as officially receive a salary in it.
Factors for the adoption of cryptocurrencies as legal means of payment
The most important factors must include regulation. Moreover, both at the level of individual states, and on global. You don’t have to go far for examples – two countries that recognized Bitcoin with a full -fledged legal means of payment, abandoned this idea under the pressure of international financial regulators.
Salvador is the only country in the world with the formed policy of adopting bitcoin, which recognized him as a legal means of payment in 2022, was forced to partially move away from the idea under pressure from the IMF. The IMF refused to credit the country until it cancel the obligation of all legal entities in the country to accept bitcoin as a payment for its services. At the same time, the IMF continues to insist on the complete cancellation of calculations in the first cryptocurrency, referring to the risks of financial stability.
The Central African Republic, which also legalized Bitcoin as a means of payment, abandoned the idea literally immediately, under the pressure of the Bank of the Central African states – issuer Frank Tsfa, currency, including the TsA.
At the regional level, regulation is also the main problem. Even in those countries where cryptocurrency is legal, it is not possible everywhere to use it for calculation purposes. An example is all countries of Central Asia and Belarus. There are also restrictions in Latin America, although the situation is ambiguous there. In Bolivia, for example, where cryptocurrencies have recently been completely prohibited, in 2025 it was allowed to use in the banking sector and to buy fuel by the largest state company YPFB.
Key problems
As for safety, the main problem is the vulnerability of user wallets for all kinds of phishing and hacker attacks. If banks are rigidly adjusted and licensed, then crypto companies are far from always. Accordingly, payment services and user wallets can be more subject to attackers by attackers. Otherwise, all problems are resolved, including problems of blockchain networks, which are effectively solved due to L2 solutions like Lightning.
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Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
