How Cryptocurrency Transactions Cut Merchant Costs: A Look at the Benefits

The shift toward digital payments is reshaping commerce, with businesses seeking ways to optimize transaction costs and efficiency. Traditional payment processing often incurs hefty fees due to its complex structure of intermediaries and processors. Neil Bergquist, CEO of Coinme, sheds light on how cryptocurrency transactions offer a cost-effective alternative for merchants. Based on decades of experience building America’s largest licensed cryptocurrency cash network, Bergquist reveals how blockchain technology enables direct peer-to-peer payments, eliminating the need for intermediaries and their associated fees. This allows for substantial cost savings, particularly for businesses handling high transaction volumes or operating internationally.