The Evolution of Currency is Taking Place

cryptonews.com:

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With the many bottlenecks - technical and regulatory - currently in place, companies around the world are hesitant to begin accepting cryptocurrency. Many companies and merchants do not want to be exposed to the risks associated with crypto. However, even if these businesses do accept crypto, they would lose a percentage in the conversion to fiat due to exchange fees and other issues that have yet to be ironed out.

There are many reasons why merchants do not accept crypto as a form of payment. Crypto is still a relatively new movement in the world. Naturally, this means that there will be some entities that are slower than others when it comes to adopting it. The barriers to entry include technical difficulties, high fees, and risk exposure. 

However, if crypto is really set to be the next step in the evolution of currency, merchants and consumers need these obstacles to be overcome. Fortunately, crypto startups are developing solutions, with projects such as Alchemy Pay leading the way.

Alchemy Pay is a payment consensus protocol aiming to provide businesses the ability to accept crypto without the typical drawbacks. Through its hybrid crypto-to-fiat gateway, Alchemy Pay is able to offer a tailored solution to merchants and buyers globally.

With over 300 payment gateways and infrastructure already supported in 65 countries, Alchemy Pay enables businesses to accept cryptocurrencies from their paying customers without dealing with the crypto themselves. If a customer pays in crypto, Alchemy Pay converts that crypto to fiat - simple.

After onboarding, businesses can accept a crypto-to-fiat payment in both business-to-customer