<\/p>\n
Ever felt desperation to not only hold or trade your crypto coins but also utilise your hard-earned coins to make real-world payments? Recently, during an interview at the World Economic forum in Davos, Bank of America<\/a> CEO Brian Moynihan expressed the possibility of the US financial industry accepting crypto payments if the regulators allow it.<\/span><\/p>\n Brian Moynihan reasoned that \u201cif the rules come in and make it a real thing that you can actually do business with, you will find the banking system will come in hard on the transactional side of it.\u201d With further enthusiasm, he argued how the world\u2019s second largest bank is already moving \u201cvast, vast majority of money digitally\u201d, while owning hundreds of patents on Blockchain \u2013 thus, \u201cwe know how to enter the field.\u201d<\/strong><\/span><\/p>\n These positive futuristic comments from the CEO of one of the United State\u2019s largest banks complement the hopes of making crypto payments a reality soon. And with the pro-crypto administration in the US, development and integration of crypto payments can be more easy than ever before.<\/span><\/p>\n In what is considered as a major gap in the on-chain transactions and real-world payments, enabling crypto payments can provide faster settlement cycles for the parties involved. <\/span>A white pape<\/a>r on the Banking Industry by India\u2019s largest tech conglomerate, TCS, argued that the Crypto payments can also be cheaper due to lower transaction costs. Moreover, Crypto payment services have the potential to build a borderless payment network \u2013 enabling seamless transfer of Crypto payments from anywhere across the globe.\u00a0<\/span><\/p>\n And now, this hint of the US financial industry possibly accepting crypto payment by BofA CEO can make the much-awaited integration of crypto payments in the real world sooner.\u00a0<\/span><\/p>\n Moreover, recently on Monday, in what can be called as a prelude to making such crypto payments a possible future, Bitget \u2013 World\u2019s second largest crypto exchange \u2013 introduced its PayFi or FlyWheel vision via its Bitget custodial Wallet.<\/span><\/p>\n Launched in Q1 2025, Bitget\u2019s new vision of PayFi (Pay Forever) can help in transforming crypto from a passive asset sitting idly in your wallet into a powerful financial tool useful for real world expenses. It will integrate earning, sending and spending stored crypto assets to make real-world transactions such as shopping and subscriptions.\u00a0<\/span><\/p>\n Bitget Wallet is redefining the future of Web3 payments in 2025 \ud83c\udf05<\/p>\n With our #PayFi<\/a> vision, we want to create a world where DeFi earnings can fund everyday expenses \ud83d\udcb3<\/p>\n Here\u2019s how we\u2019re making it happen \ud83d\udc47 pic.twitter.com\/DcG4vUBdKE<\/a><\/p>\nHow Crypto Payments will make it easy?<\/h2>\n
\n