{"id":128677,"date":"2025-05-06T10:32:57","date_gmt":"2025-05-06T10:32:57","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128677"},"modified":"2025-05-06T10:32:57","modified_gmt":"2025-05-06T10:32:57","slug":"crypto-spending-will-grow-but-fiat-isnt-going-anywhere-mercuryo-ceo","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128677","title":{"rendered":"Crypto spending will grow, but fiat isn\u2019t going anywhere: Mercuryo CEO"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsPetr 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.\u00a0<br \/>\nIn a Cointelegraph interview, Kozyakov said that while crypto payments are seeing an increase in adoption and demand, the asset class won\u2019t be fully replacing fiat money anytime soon. He said the two asset classes will coexist, with people choosing the more convenient payment option in different situations.\u00a0<br \/>\n\u201cWe don\u2019t think crypto will replace fiat,\u201d Kozyakov told Cointelegraph. \u201cThey will coexist, and people will turn to crypto when it\u2019s the easier, more practical option, whether that\u2019s for payroll, yield or money transfers.\u201d<br \/>\nMercuryo Petr Kozyakov at the Token2049 event in Dubai. Source: CointelegraphCrypto payroll gains momentum as payment options expand<br \/>\nCrypto as a salary payment option is no longer a novelty. Kozyakov told Cointelegraph that more companies are settling employee salaries with crypto assets.\u00a0<br \/>\n\u201cThat is a growing trend,\u201d Kozyakov said. \u201cI see a lot of businesses that are starting to settle with their full-time employees and with their gig employees all over the world, in crypto.\u201d<br \/>\nAs more employees receive crypto salaries, new challenges can emerge. According to Kozyakov, workers paid in crypto may ask what they can do next with their funds. \u201cYou won\u2019t invest everything and just wait. You need to use it for everyday purchases,\u201d Kozyakov told Cointelegraph.\u00a0<br \/>\nThis is where practical spending options are needed. Kozyakov said that crypto earners are looking for ways to use their digital asset incomes in daily life scenarios, whether buying coffee, going out for drinks or settling utility bills.\u00a0<br \/>\nAs crypto becomes an option for employee salaries, there has also been a growing acceptance of crypto in employee contracts in some jurisdictions. In August 2024, a Dubai court recognized crypto as a valid form of salary payment.\u00a0<br \/>\nRelated: OKX exec warns against hype amid real-world asset tokenization boom<br \/>\nCrypto, a powerful tool for moving and storing money<br \/>\nThe executive also told Cointelegraph that Mercuryo views crypto as more than just a speculative asset but a powerful tool for moving and storing value. \u201cCrypto is not only an asset; it\u2019s the perfect rail to move money and store money. And it is essential to be able to spend it.\u201d<br \/>\nThe executive said that in practice, spending crypto can still be complex. He said it takes a few steps, including moving it to an exchange, sending it to a bank account and answering \u201cweird\u201d questions from banks.\u00a0<br \/>\nBecause of this, he highlighted a need for easier ways to spend crypto directly. The executive said that this is where their company comes in. On April 23, the payment services firm collaborated with the hardware wallet company Ledger on a crypto payment card that allows users to spend crypto where Mastercard payments are accepted.\u00a0<br \/>\nKozyakov told Cointelegraph that seamless crypto payment options will drive wider crypto adoption, not just as an investment, but as a true medium of exchange for daily life.<br \/>\nMagazine: Crypto wanted to overthrow banks, now it\u2019s becoming them in stablecoin fight<a href=\"https:\/\/cointelegraph.com\/news\/crypto-payments-mercuryo-ceo-token2049-interview?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsPetr 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128677"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128677"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128677\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128677"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}