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TAIPEI, Sept. 28, 2022 /PRNewswire/ With the advent of blockchain and cryptocurrencies, many are still wary of using cryptocurrency as a mode of payment. In a report published by Deloitte in July, out of 2,000 US retailers surveyed, nearly 75% of retailers plan to accept crypto or stablecoin payments within the next two years. However, the security of payment platforms ranked the highest amongst the barriers to adoption, followed by concerns regarding the changing regulatory landscape and the instability of the digital currency markets. These concerns have surfaced repeatedly since XREX started serving cross-border merchants and facilitating remittances in 2018. Empirically, once these concerns have been addressed and fears have been allayed, users are drawn by the conveniences that crypto payments bring about. The hundred of thousands of transactions over XREX's digital escrow and crypto payment service BitCheck since its launch in 2020 is a testament to that. BitCheck ensures th

T ai peiWayne huangVirtual asset service providersTaian national development councilFinancial action task forceCustomers bankConvenor of taiwan blockchain allianceMajor payment institutionSingapore monetary authority ofTaiwan virtual asset laundering associationMei ling chenGeneral convenorTaiwan blockchain allianceHonorary chairmanTaiwan virtual asset anti money launderingNational development council