Can Cryptocoins be Used for Cross-Border Payments? Why People Are Adopting Them?

by PRC Agency PR

Stellar Pony has released a survey report article "More People Adopt Crypto for Cross-Border Payments Using Digital Currencies: Stellar Development Foundation Survey", bringing some cause for concern, as the article may upset conventional financial and banking institutions.

The 514 words article examines the high points and low points of the survey about Stellar and other crypto coins adoption for cross border payments and regularizing digital currencies, in the pursuit of providing information and insight about how more people are adopting cryptocurrencies over fiat currency for cross border payments due to its fewer transection fees and deductions for individuals who send remittances and people who are tired of high transections fees and deductions. In a typical manner though, a certain element of the article is set to spark discontent amongst conventional financial institutions and banking sectors.

Below is a portion of the piece, which neatly exemplifies the controversial element:

"survey shows that more and more people are becoming aware of digital currencies, and usage is at an all-time high. The survey also shows that cross-border payments involving crypto are occurring heavily in four distinct markets: the United States, Mexico, the United Kingdom, and Singapore."

A spokesperson for Stellar Pony, Editor-in-Chief, Jim Martzall, says "Of course, Stellar Pony never sets out to intentionally upset anybody. The aim of our articles is first and foremost to provide how people are adopting new technology of cryptocurrency and it will become a preferred method for payments soon. It is critical, however, that we stay dedicated to our true voice.

Although our "More People Adopt Crypto for Cross-Border Payments Using Digital Currencies: Stellar Development Foundation Survey" might unsettle conventional financial and banking institutions, our duty is to our readers. We believe it's more important to keep people and readers informed with the latest information and trending developments than to please everyone. Which is notoriously difficult to do."

Although there has been no backlash as of yet, the possibility exists as the article provides information about financial transactions that is contrary to conventional methods and technologies.

Stellar Pony has been a provider of in-depth articles in the cryptocurrency and digital currencies market for a few weeks.

Stellar Pony has stated the future aims for the website are to raise awareness about the Stellar coin cryptocurrency. So Stellar Pony hopes any controversy will pass quickly and re-emphasizes no offence is or was intended.

Stellar Pony's complete article can be found at https://stellarpony.com/more-people-adopt-crypto-for-cross-border-payments-using-digital-currencies-stellar-development-foundation-survey/