The aftermath of the scandal with Payoneer is certain to result in greater adoption and acceptance of cryptocurrencies from the business sector. The advantages offered by decentralized solutions include the availability of payment receipts and transfers 24/7 around the world with 99.9% uptime. The advantages of using cryptocurrencies for settlements in the B2B sector also include:
- Quick connection without rolling reserves requirements;
- Integration within 48 hours;
- Storage of funds with the service provider without risks of freezing;
- Retention of customer loyalty in case of force majeure due to the disabling of card acquiring.
The drop in settlement rates for all users of Wirecard and Payoneer will be the true consequence of the scandal, raising many questions about the reliability of such platforms.