As Bitcoin rose to an all-time high of over $100,000 last December, non-custodial cryptocurrency payment gateway NOWPayments reported an increase in adoption as businesses increasingly turned to crypto payment solutions to meet consumer needs. “During previous Bitcoin price milestones, we observed an 8% increase in overall cryptocurrency payment adoption in just one week,” said Alex Yarovinski, marketing manager at NOWPayments, noting that the increase was measured by comparing data from the week before and after the U.S. election results.
Yarovinski added that current market conditions “show a more bullish trend with growing interest in cryptocurrency payments, albeit at a different pace than in previous cycles.” (Decrypt)