2.2 Digital financial payment becomes a trend

Visa and Mastercard have been the market rulers in payment processing, monopolizing the physical world of payment, and this will continue to be the case. In the early twenty-first century, Paypal redefined the payments market by becoming the easy-to-use Internet payment processor. Today it is relatively cheaper to use cryptocurrencies both to hold market share and to use market positioning to keep prices high. This has created a major impact advantage over other payment processors.

Unlike regular merchant transactions, cryptocurrencies do not require a wait of several days for an individual or business to receive payment. If the transaction occurs offshore between different countries for cashing, then the funds may take up to a week as normally required by the banking system. Blockchain eliminates delays, transaction fees and third-party authentication. Cryptocurrency transactions are quickly resolved because the peer-to-peer nature of the network structure eliminates middlemen.

Crypto contracts eliminate the bottleneck of traditional settlement. The solution is instantaneous and can save a fraction of the time and expense involved in traditional transactions altogether. As cryptocurrencies have become increasingly popular, settlement times have been accelerating. Bitcoin, for example, is known for its short transaction times. Now transactions can take up to 20 minutes. This is challenging for merchants to implement. This has led to the popularity of other cryptocurrencies. But merchants aren't set up for multiple currencies.

To date, the number of transactions using Bitcoin has grown from zero to 2 million per day in 10 years. There are approximately 150,000 merchants accepting cryptocurrency and growing. The majority of these merchants are offline, representing less than 5% of the market. The increase in adoption of cryptocurrencies among major brands gives credibility to major payment options. The current top 10 merchants worldwide that accept bitcoin payments include：