Takeaways:
- US checkout systems are preparing to push $2M worth of payments on-chain by integrating Bitcoin and Ethereum.
- With processing costs dropping and transactions speeding up, major retailers like Walmart are actively embracing crypto.
- Merchant payment apps and crypto wallets will be key to bringing crypto to retail, fueling frenzy surrounding the viral Best Wallet Token and sending its presale past $16.6M.
Crypto adoption in retail is getting serious, as both sides of the checkout – merchants and consumers – have now access to faster and cheaper transactions.
For investors looking for the next big thing in crypto, this is the sector to watch.
New developments in everyday crypto spending look promising, as giants confidently step into the market.
A brilliant example is Walmart, which might soon support crypto payments on its mobile app OnePay through Zero Hash integration. While OnePay offers the user interface, Zero Hash takes care of the backend crypto mechanics.
Given Walmart’s reach across US households, the crypto market couldn’t have found a better bridge to shoppers.
Even if just a fraction of eligible consumers opt for crypto payments and use the service monthly, that level of activity could add up to $1.7M to $2.5M per day, a report by CryptoSlate explains.
Of course, that number is low when compared to hundreds of millions of dollars flowing into Bitcoin and Ethereum ETFs and exchanges. But it highlights the growth potential of retail-driven crypto adoption.
The Rise of Crypto Integration Is Unstoppable
Steak ‘n Shake offers a case study on how crypto integration can attract new customers and reduce processing costs.
When the popular fast food chain activated Bitcoin payments through the Lightning Network in May, it saw its same-store sales climb by over 10%. Better yet, the processing costs dropped by 50% when compared to traditional cards.
In fact, as a token of gratitude for the crypto community’s incredible support, Steak ‘n Shake launched the Bitcoin Steakburger last week.
The online economy has been quicker to accept crypto.
For instance, Shopify has partnered with Coinbase to enable $USDC payments via Base – with support for refunds, receipts, and delayed capture. Jack Dorsey’s Cash App has also grown to become one of the biggest consumer gateways to Bitcoin using the Lightning Network.
But crypto adoption in retail still has a long way to go, especially when it comes to multichain support, multi-token integrations beyond $BTC and $ETH, self-custody, and Web3 access.
As more retailers step into the crypto market – encouraged by friendlier regulations and institutional demand – it wouldn’t be surprising to see projects that address these infrastructure gaps take off exponentially.
With whales circling the projects – snapping up tokens worth even $70.2K, $50.9K, and $49.5K in one go – the presale has already smashed through $16.6M.
$BEST Token: The Crypto to Buy as Noncustodial Wallets Surge?
Best Wallet Token ($BEST) is well positioned in today’s expanding crypto market, with its Best Wallet app already onboarding close to 1M users across Android and iOS stores.
As crypto adoption progresses, so does the demand for secure, stress-free crypto wallets. That explains Best Wallet’s rapid growth in a short space of time.
Secured with Fireblocks MPC tech, the wallet allows users to manage their assets without relying on exchanges or third-party platforms. It also eliminates the typical secret key vulnerabilities of non-custodial solutions, simplifying security for everyday users.
While custody remains a puzzle on digital payment apps like OnePay, Best Wallet can give shoppers peace of mind through self-custody.
It also addresses other key gaps in crypto retail adoption:
- The wallet is multichain, and already supports five leading blockchains today – including Ethereum, Bitcoin, Polygon, and BNB Chain.
- It has plans to add 50 more in the coming phases, so that users don’t have to juggle multiple wallets to make payments across different online and offline platforms.
- Web3 access is another feature that gives the Best ecosystem an edge. It explores beyond storage to unlock cross-chain swaps, presale access, and more.
A much-awaited product from the ecosystem is Best Card – a crypto debit card for everyday shopping – which could potentially establish the brand at the center of retail adoption.
But here’s the best part. Although the wallet is live, the native crypto – $BEST – has yet to be listed on crypto exchanges.
Being the native crypto of the Best Wallet ecosystem, $BEST is fertile for growth and adoption. It leaves large upside potential for investors who buy in early at low presale prices, currently $0.025825.
$BEST also unlocks various perks as the ecosystem expands. Reduced in-app transaction fees, cashback rewards with the crypto debit card, and higher staking rewards in an upcoming crypto staking aggregator are just some examples.
But the presale window won’t stay open for long. More importantly, the next price surge is just a few hours away.
Get $BEST from the official presale now.
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Source: https://coindoo.com/us-bitcoin-payments-near-best-wallet-token-best-buy-now/