Will Blockchain Be the Norm Payment Processor in the Future?

[William Wilson]

Blockchain technology is gaining traction again and with it, it's gaining traction as a payment processor also. How can businesses leverage blockchain to improve their existing payment system?

 

[John Smith]

Some of the benefits of implementing a blockchain payment processor is faster processing times and increased transparency.

 

[Sarah Johnson]

Some of the benefits of implementing a blockchain payment processor is faster processing times and increased transparency.

What are some challenges do businesses face when implementing blockchain for payment processing?

 

[William Wilson]

What are some challenges do businesses face when implementing blockchain for payment processing?

I would assume regulatory uncertainty since it's fairly new and certainly unregulated for the time being.

 

[John Smith]

I would assume regulatory uncertainty since it's fairly new and certainly unregulated for the time being.

I agree, for now it's unregulated and there may be problems that may arise in the future.

 

[Jeremiah Jones]

Unlike VISA, Mastercard and Paypal, Blockchain could dramatically reduce or eliminate these fees by cutting out the intermediaries, such as banks, involved in payment processing.