The impending Trump administration is anticipated to benefit the digital assets market. Donald Trump is expected to adopt a more lenient approach to regulation and has promised to transform America into "the crypto capital of the planet."
Petr Kozyakov, Co-founder and CEO of Mercuryo, a leading payment infrastructure platform in the digital token space, has commented on how innovation in crypto payments is encouraging people to spend their assets rather than HODL.
“As the cryptocurrency space enters another bull market – coinciding with Donald Trump’s victory in the US election – the time-honoured philosophy of HODL may be receding. A new wave of product innovation in the digital token space is providing those who trade crypto with a seamless and secure means of spending their newfound crypto wealth.
“While in the past the process of ‘off-ramping’ cryptocurrency holdings often left holders of digital assets at the mercy of shady intermediaries, exorbitant fees and snail-pace payment processing, times have changed. Established giants from the traditional payment world such as Mastercard are working in partnership with pioneers in the Web3 space to offer payment products that have a level of consumer protection that is on a par with traditional payment products. We will surely see increasing use of these innovative crypto payment products and off-ramping tools in a bull run that has already taken Bitcoin to a new all-time high near $77,000.”
