The world of business is continually evolving, and the adoption and integration of technology have long been driving forces for the evolution of many businesses, allowing for improved efficiency, greater reach, increased productivity, and competitive advantages.

Cryptoassets and the blockchain technology that underpins them are the latest technological frontier that businesses are exploring to stay ahead of the curve. From household names such as Microsoft and Sotheby's, to independent coffee shops, travel agents and restaurants, we are seeing an increasing trend in businesses exploring how they can utilise cryptoassets. As mainstream adoption of cryptoassets continues to grow, businesses that incorporate crypto payment facilities can take advantage of the benefits that this novel and unique asset class can offer.

What are the benefits?

One of the main advantages that can be realised by engaging with cryptoassets and their underlying blockchain technology is that they allow for the near-instantaneous settlement of transactions.

Mackrell Solicitors [1]