Crypto Payments Adoption Soars in Bear Market Xion Global Leads with Infrastructure
There is an increase in consumer requests to pay with crypto, and merchants are trying to find solutions that suit their needs. Xion Global is a multi-chain crypto payment gateway. Makes it easy to accept and send crypto payments for a variety of online businesses and Web3 projects.
NEW YORK, 26 July 2022 /PRNewswire/ — Crypto payments have notoriously not been easy. The tedious process of wallet on ramps, off ramps, lack of infrastructure and support for multiple cryptocurrencies has made adoption a nightmare for high street businesses. However, consumers are asking for crypto payment options and Xion Global, a multi-chain crypto payment gateway makes it easy to accept and send crypto payments and manage the customer journey.
A report by PYMNTS highlighted that more than 75% of US consumers want to use crypto as a payment method by 2022. Deloitte released a free report after surveying 2,000 executives at US retail companies and found that 64% of merchants stated their customers have a significant interest in crypto payment options, and 83% expect interest to grow over the next year.
Merchants see the benefits of the Xion Global crypto payment gateway that eliminates middlemen, significantly reduces transaction costs, with a 1% transaction fee charged to the consumer, and can easily onboard new customers globally.
It’s no longer a question of whether cryptocurrency will become a payment method for businesses globally, but when will your favorite brands and businesses accept crypto? And which crypto payment processing solution is best suited for your business? Unfortunately, there is still a lot to be desired from most crypto payment gateways.
“With requests for crypto payments and big brands entering the Web3 space and metaverses like Decentraland and Sandbox, we’ve noticed that the infrastructure to support hierarchical crypto payments doesn’t exist. However, it’s important for crypto newbies to easily navigate the on-ramp process and for merchants to easily manage the customer journey. Xion integrations are simple and seamless for merchants and consumers to accept and send crypto payments,” says Xion Global’s founder. Ronan and Aeryn Quarmby.
Infrastructure, multi-chain support, multi-party payments, subscription and loyalty programs are critical capabilities to quench merchants’ long-term transaction thirst. Crypto enthusiasts expect the same (or better) solutions to use crypto. Singapore based, Xion Global boasts the missing ecosystem and unique solution capabilities to complement the growing requests for merchant-led crypto payment processing options.
Xion Global is a single source of truth crypto payment solution that easily integrates into current systems without having to hire a new team of customer service representatives to bring their customers on board.
With continued growth on the horizon in the crypto payment industry, Xion Global looks set to take the lead with infrastructure and capabilities such as loyalty and subscription programs not typically included in other crypto payment processing solutions.
About Xion Global
Xion Global is a multi-chain Web3 crypto payment gateway. Make it easy to accept and send crypto payments, reward customers with cash back and build loyalty. The first of its kind, Xion’s payment and rewards solution offers endless payment options for a wide range of online businesses.
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