The payments industry has become remarkably good at masking complexity from consumers. But merchants do not operate on the front end. Their concerns live in the back office.
And with Revolut on Monday (May 18) unveiling its first physical cryptocurrency debit card, crypto’s next adoption phase as a payment mechanism may be decided by the Main Street merchant bank office. After all, a coffee shop, regional retailer or eCommerce merchant does not care whether value originates from a debit account, a credit line or a tokenized wallet if settlement arrives on time, reconciliation is seamless, fraud exposure is manageable and accounting systems remain intact.
With crypto spending moving closer to the point of sale, the burden is…
