Definition ∞ Cryptocurrency payments involve transferring digital assets as a form of value exchange for goods or services. These transactions occur directly between parties on a blockchain network, often offering faster processing and lower fees than traditional methods. They represent a decentralized alternative to conventional payment systems.
Context ∞ The adoption of cryptocurrency payments is a recurring theme in digital asset news, with companies increasingly accepting various tokens. Discussions often focus on scalability challenges, price volatility, and regulatory uncertainties affecting widespread merchant acceptance. Innovations in payment processing and stablecoin usage are driving progress in this sector.
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