“Bitcoin itself won’t transform payments alone. But it is a flag bearer for a fundamental shift to digital money, be it a contactless Visa transaction, a purchase using a virtual wallet like AliPay or a bank transfer through a scheme like iDEAL to pay for eCommerce, as around the world cash transactions are being replaced rapidly.”
Bitcoin & Beyond: How Digital Currencies Can Solve Consumer Payment Needs
How can digital currencies besides Bitcoin, the ‘Big Daddy’ of cryptocurrencies that has been on a tear of late with price action at around $20,000 a pop before a big retreat this week, solve of consumer payment needs? Here we take a look.