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Crypto spending will grow, but fiat isn’t going anywhere: Mercuryo CEO

cryptoweekly by cryptoweekly
May 6, 2025
in bitcoin, News
0

Mercuryo CEO Petr Kozyakov told Cointelegraph that with crypto salaries becoming a growing trend, there’s an increasing need for ways to spend crypto.

Petr Kozyakov, CEO of crypto payments platform Mercuryo, told Cointelegraph that the future of finance may not be a winner-takes-all scenario but a blend of digital assets and fiat, each used where it makes the most sense. 

In a Cointelegraph interview, Kozyakov said that while crypto payments are seeing an increase in adoption and demand, the asset class won’t be fully replacing fiat money anytime soon. He said the two asset classes will coexist, with people choosing the more convenient payment option in different situations. 

“We don’t think crypto will replace fiat,” Kozyakov told Cointelegraph. “They will coexist, and people will turn to crypto when it’s the easier, more practical option, whether that’s for payroll, yield or money transfers.”

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  • SOL price rally to $200 brewing, but 3 key catalysts must happen first
  • Pavel Durov warns France is experiencing societal collapse
  • Bitdeer to offer $330M convertible notes to expand operations
  • US DOJ files to seize $225M in crypto tied to pig butchering schemes
  • New York authorities freeze $300K linked to crypto scammers
  • Bitcoin supply squeeze intensifies as ‘ancient’ holders eclipse newly mined BTC
  • Deribit, Crypto.com integrate BlackRock's BUIDL as trading collateral

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