Digital asset payments Will increase over 80% over the next two years when friendship regulations increase user confidence, a new report projects.
In the meantime, tokenization affects the payment industry with Mastercard (Nasdaq: MA) revealed that it tokenized 30% of its transactions from 2024.
Digital asset payments to explode: Report
The increase in digital asset prices in recent years, which has driven the sector’s total market value over $ 3 trillion, has led to the growth of almost all other digital assets, from NFT to Defi. But payments, Bitcoin’s Original use casehas taken the back seat.
This is expected to change, with a new report predicting that payments for digital assets will increase 82% in 2026 in the United States. The report from US-based market research company Emarkheter projects that over seven million Americans will pay in digital assets in two years.
The report estimates that at least 36.6 million Americans will own digital assets until 2026 and translate to one of five digital currency holders who use it for payments. This will be a remarkable increase from the 14% of the owners who paid in digital assets last year.
However, the new report’s estimated digital access figures are well below other reports. In one separately Report Two weeks ago, Security.org estimated that 65 million Americans own digital assets, which corresponds to 28% of the American adult population, a small dip from the 33% that owned digital assets in 2022. Another 14% is reported to buy digital assets this year.
However, Emarketer’s estimates are in line with a federal reserve Report From May 2024, the number of US digital assemblies set to 18 million, or 7% of the population.
The new report states that more friendly regulations will be the most important offset for digital asset payments over the next two years. During his second term of office, President Donald Trump has promised to make the United States a digital asset, and while some of his suggestions has been extremeExperts expect more enabling regulations and supervisory authorities.
But while Trump can be “pro-crypto”, his loyalty is square with speculative tokens, not tool projects. The Republican leader has already launched His memecoin At Solana, which topped around his inauguration to over $ 20 billion in market value. Memecoin has since lost 80% of its value. His wife’s Memecoin has lost 90% of its value from its top $ 2 billion.
Digital asset payment can still have a golden era under Trump. In a new interview, Bank of America has CEO Brian Moynihan mentioned US banks are ready to “go hard on the transaction page” of digital asset payments when the supervisory authorities provide green light.
The latest financial giant to back digital asset payments is the Swiss purchase now, pay later companies, Klarna. CEO Sebastian Siemiatkowski revealed last week that the company explores digital asset offerings, which he has previously written as a “decentralized Ponzi system.”
“Sometimes you are wrong,” he told Bloomberg.
MasterCard Tokenized 30% of Transactions 2024
Elsewhere, the Pay Giant MasterCard’s latest SEC application revealed that the company tokenized 30% of its transactions in 2024. The company gave no details about tokenization but that says It is part of its peer-to-peer architecture, which “allows the network to adapt to the needs of every transaction.”
The New York-based company also noted that it has developed solutions to unlock new blockchain-based business models. This includes applying risk management practice and continuously monitoring its digital asset partners. Programmable payments through its MasterCard Multi-Token network “help make transactions within blockchain ecosystems safer, scalable and interoperable,” added it.
In addition, the company has collaborated with various VASPs to let users buy digital assets directly through their cards.
Mastercard Also acknowledged Stablecoins and digital assets as competitors on the payment front. It pointed to their “immediacy, 24/7 accessibility, invariability and efficiency” as some of the factors behind their increase in recent years.
“Digital currencies and new players (such as native crypto) have the ability to interfere with traditional financial markets. The increased performance of digital currencies creates an opportunity for us, but may equally compete with our products and services. “
While it is now warming up to digital assets, Mastercard spent fortunes over a decade ago To suppress Bitcoin and hinder its progress towards becoming global electronic cash.
See: New Age of Payment Solutions
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