Mercuryo CEO says 2023 will be a big year for crypto payments breaking into TradFi

In an exclusive interview with Finbold, Petr Kozyakov, co-founder and CEO of Mercuryo, a global payments infrastructure platform, said that using cryptocurrencies to settle financial transactions would likely expand further in 2023.

The chief executive suggested that cryptocurrencies will increasingly be leveraged to handle some of the dysfunctions and problems linked with the traditional financial sector.

In this line, Kozyakov stressed the need to bridge the gap between the two financial worlds while highlighting some of his organization’s partnerships aimed at bringing the sectors together, such as streamlining the process of purchasing cryptocurrencies.

The need for crypto regulations

With the debate of regulations dominating the cryptocurrency space, Kozyakov shared his view on the subject while highlighting Mercuryo’s position in adhering to laid down laws. According to the CEO:

“We believe that the more regulatory clarity there can be, the better. Mercuryo has been a regulated company since day one, strictly adhering to all relevant laws. One of the trends of 2023 will be that crypto regulation, especially for payments and crypto-fiat exchanges, will gradually grow close to what we already have in the field of electronic money regulation.”

Elsewhere, as the fintech space emerges from a challenging 2022, the CEO explained the importance of building a sustainable business that can withstand adverse headwinds. Kozyakov noted that:

“I believe this is relevant for all businesses because if you have a sustainable company, then a downturn can become a chance for you to grow. An opportunity to build up your product to boost your growth in the long run.”

The Mercuryo CEO also advised fintech firms to put effort into achieving efficiency in operations and strengthening core products to beat the harsh realities.