The Blockchain as a Settlement Rail for Payments

The Blockchain as a Settlement Rail for Payments

Align Commerce recently made headlines at Money 2020 in Las Vegas when their CEO, Marwan Forzley, spoke at one of their panel discussions about cross-border invoicing using the blockchain technology as a transport rail. CoinTelegraph sat down with him afterwards to talk more about this new settlement rail and his thoughts on its future in the financial services market. CoinTelegraph: First, for those who don’t know, what is a payment rail? Marwan Forzley: A payment rail is a payment platform or a payment network that moves money from one entity (a payer) to another (a payee). The payer or....


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At some point you might have heard digital currencies described as a “financial revolution.” This sounds like an intimidatingly swift overhaul of one giant system by an equally giant system. In a small town in Maryland, however, the Iron Rail Diner is proof of grassroots efforts to kick-start this “revolution” when they began accepting dogecoin. Why did the Iron Rail Diner, located in the blue-collar community of Mt. Savage, population 873, begin accepting Dogecoin? Terry Linn II, co-founder of the diner, said “The way I feel is that for us, it’s the same as a credit card but it eliminates....

Quotes

Get into Bitcoin or another digital currency if you want. I hope it makes you rich. But don't kid yourself this is anything more than speculation for a quick buck. The messianic stuff will go out the window once it collapses. There are lots of things in the real economy to invest in too. The big advantage of Bitcoin as ‘stateless money’ is that when it collapses, the government won't have to bail it out.

Dr. Stephen Kinsella, Senior lecturer in economics at the University Of Limerick's Kemmy Business Sc