Ethereum co-founder, Vitalik Buterin, has made it known that crypto payments are superior to other forms of payment.
Vitalik Buterin believes that crypto payments are better than many realize due to their convenience and censorship resistance feature. He made this known via a tweet through his verified account.
He tweeted, ‘‘People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they’re so much more convenient. Big boost to international business and charity, and sometimes even payments within countries.
In an interview during Korea Blockchain Week 2022, Buterin said that digital asset-based payments would become more popular in the coming years.
According to him, the Ethereum merge will make crypto payments more popular because it will reduce Ethereum fees. Thus, leading to “improvements to efficiency and accessibility of the crypto.”
Buterin said that several people worldwide already use digital assets for international payments. But there are still more opportunities for crypto payments in lower-income countries, which is why fee restructuring is essential, as it is currently too expensive.