The Four Dynamics That Will Govern The Broader Adoption Of Crypto In The UAE

The Four Dynamics That Will Govern The Broader Adoption Of Crypto In The UAE

In my opinion, every merchant in the UAE should start to consider how they would implement and embrace cryptocurrencies to future-proof their business models. Whether you're a crypto trading platform building a reliable on-ramp from fiat currency, or an e-commerce platform trying to decide what the advent of stablecoins means for you, the landscape is changing rapidly. As the technology underpinning payments also evolves and improves, we see consumers adapt and adopt at pace. Therefore, businesses must pivot based on consumer demand to remain both relevant and profitable.

At my company, Checkout.com, we recently looked at some of the cultural, demographic and socioeconomic dynamics likely to forge the path ahead for the future of money built on the blockchain. Of these, four dynamics will prove particularly important for businesses to consider in 2022 as the ecosystem around crypto matures- these include: