Definition ∞ Digital Asset Payments are transactions conducted using cryptocurrencies or other blockchain-based assets as a medium of exchange for goods and services. These payments bypass traditional banking systems, often offering faster settlement times and lower transaction costs, especially for international transfers. They represent a novel method for value transfer in the digital economy.
Context ∞ The expansion of Digital Asset Payments is a key metric for the mainstream adoption of cryptocurrencies. Current discussions address the volatility concerns of some digital assets, the need for improved user interfaces, and the development of stablecoin payment rails. Efforts are underway to enhance the practicality and acceptance of these payment methods across various merchant and consumer environments.
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