Crypto Payments

Definition ∞ Crypto payments are transactions conducted using digital currencies or cryptocurrencies. These payments leverage blockchain technology to facilitate peer-to-peer transfers of value, often bypassing traditional financial intermediaries. They offer potential benefits such as faster settlement times and lower transaction fees for certain types of transfers.
Context ∞ The discourse surrounding crypto payments centers on their increasing adoption by merchants, the development of user-friendly payment gateways, and the volatility associated with certain digital assets. News often reports on companies integrating crypto payment options, the emergence of stablecoins designed for transactional purposes, and regulatory considerations surrounding their use. Debates also involve consumer protection and the technical challenges of ensuring secure and reliable payment processing.