Financial industry professionals are becoming more open to the idea of cryptocurrencies being here to stay. Favorable cryptocurrency regulations are being developed in most countries. The U.K. is the best indicator of cryptocurrency’s growing acceptance as a legitimate means of payment.

Recent data from the U.K. finance industry shows that cryptocurrencies can be used alongside traditional payment systems. According to research by the International Association of Money Transfer Networks, (IAMTN), the potential of blockchain technology and cryptocurrency lies in their ability remove the middleman and allow for instant payments.

The research also revealed that many business leaders believe that cryptocurrency presents endless opportunities, particularly in cross-border payments.

These positive crypto findings indicate that the best payment cryptocurrency is gaining ground on the market. The most successful at making such payments will see the greatest future gains.

Several cryptocurrencies are listed in the top 100 cryptocurrencies according to market capital. They meet this criteria and have potential for growth.

Let us take a look at the ones with the greatest growth potential.

Litecoin (LTC)

Litecoin has been around for a while. Although it did not outperform the market during the 2021 bull, Litecoin’s potential to be a payment cryptocurrency is still one of the best. Litecoin uses a similar consensus system to Bitcoin. This makes it one of the most secure, decentralized cryptocurrencies. This is a positive, as crypto payments can’t be censored.

Litecoin transactions are much cheaper than Bitcoin, and can’t be censored. It is a good option for cross-border payments. Litecoin is one of the cryptocurrencies that could be successful now that regulators and the finance industry have accepted crypto as an equal participant in cross-border payments.

Stellar (XLM)

Stellar is another cryptocurrency that has made a mark in the cryptocurrency payments market. Stellar was created for cross-border payments markets, much like XRP. Stellar’s low fees and speed have been well-received over the years.

Stellar payments can also include KYC. This not only reduces regulatory risks but also gives Stellar credibility and can be used to make cross-border payments. It is also aware of current-day issues like money laundering and terrorism financing. This is likely to increase XLM adoption, which could be a positive factor in XLM’s value.

Bitcoin cash (BCH )

Similar in function to Litecoin (Litecoin), Bitcoin Cash (BCH), has a similar consensus mechanism as Bitcoin. This allows it to have a level of security and decentralization that is unmatched by other cryptocurrencies. Bitcoin Cash transactions are faster and cheaper than Bitcoin. This is why BCH adoption has grown in popularity over the past few years. BCH’s future is bright as crypto payment acceptance increases adoption.