Blockchain To Cause Major Change in Payment Industry, Shows EU Payments Council Poll
The poll recently held among its members by the European Payments Council shows that 90% of them believe Blockchain will change the payment industry by 2025. The EPC represents payment service providers (PSPs) in Europe and promotes European payments integration and development, notably the Single Euro Payments Area (SEPA). The Council says it was curious to know what professionals working in the payments industry truly think when it comes to Blockchain as the ongoing debate about its potential impact is hard to miss. Hence, a question was posed to all interested stakeholders: “How may....
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The European Payments Council (EPC) has found that 90 percent of respondents believe that the blockchain technology will have a significant impact on payments by 2025. The poll found that 36 percent believed that blockchain technology would have an influence in some niches of the payments activity; 30 percent thought the impact would focus on the emergence of innovative customer payment solutions; and 24 percent said that the impact would be on the overall infrastructure underlying the payments market. Only 10 percent believed that blockchain would have no significant impact, according to....
Jeremy King, the international director of PCI Security Standards Council, laid out five major trends in payments in 2017 to look out for. Four of the five trends revealed by King involved Blockchain technology, with Internet of Things (IoT), Blockchain payments, tokenization and encryption included as major trends for next year. Tokenization, Encryption, Blockchain Payments, IoT. According to King, five major trends will dominate the payment industry in 2017. The five trends are IoT, Blockchain, tokenization, encryption and mobile payments, all of which seems to involve Blockchain....
Camarasal, a well known entrepreneur association in El Salvador, announced the results of a poll made this month. The poll shows almost 100% of Salvadorans worry about the implementation of the bitcoin tender law approved recently. Most criticize the obligatory character of receiving bitcoin payments and don’t expect this move to bring investment to the country. Camarasal Poll Shows Concerns About Bitcoin Tender Law Implementation A quick poll conducted by Camarasal, one of the biggest entrepreneur groups in El Salvador, is showing people have deep concerns about the future....
The Payments Council, the organisation that sets strategy for payment mechanisms in the UK, has issued a statement saying that it is "neutral" on bitcoin, though it sees "opportunities" for digital currencies. In response to questions from CoinDesk, the Payments Council said that it had been tracking the progress of digital currencies "with interest", and that bitcoin was one of many "competitive offerings" that are emerging in the UK. The organisation appeared to be relatively positive on the future of digital currencies: "As shopping habits are increasingly moving across borders and....
Shiba Inu has begun to progress to the next stage of its evolution, being the payments space. The meme coin is taking the same route as its predecessor to being a payment token for facilitating small transactions. It has now made it into AMC Theatre’s list of cryptocurrencies that will be accepted for purchases in the coming months. This will provide what will be a utility for the meme coin going forward. Shiba Inu which was created with no utility prospects, moved only by the power of internet hype, will see a real-world application soon. Related Reading | AMC Theaters Considers....