BestCompany.com – What the Experts Are Saying about Cryptocurrency in Payment Processing
Press

BestCompany.com – What the Experts Are Saying about Cryptocurrency in Payment Processing

BestCompany.com recently asked industry experts on their thoughts on Cryptocurrency in Payment Processing. Ted Bissell, Global Director of Digital Consulting at Axis Corporate provided his insights on the subject matter.

Owners of small businesses, big businesses, and every business in between will have heard of cryptocurrency by now and wondered whether it will make an active appearance in their respective industries. The payment processing industry is not an exception. The problem, or benefit, of cryptocurrency likely lies in its complexity . Experts from Blockchain Developers, Axis Corporate, Paymotile and Softjourn, Inc. answered: Where does cryptocurrency/Blockchain fit into the payment processing industry?

 

Ted Bissell,“Blockchain serves as the underlying technology for most of the major virtual currencies, and their explosive growth has already forced blockchain into a role in the payments world. Other than situations where payment gateways enable merchants to accept virtual currency compensation for goods and services, blockchain technology has not yet deeply penetrated traditional payments. Blockchain is, however, demonstrating the substantial cost savings potential using distributed, secure technology rather than traditional, hub-and-spoke networks carrying the majority of payments at present. We are at the beginning of a trend where blockchain will ooze into traditional payments.”

 

About Best Company.com

Best Company emerged from a passion-project of the founders of SkyRocket Media, an award-winning digital marketing firm. In 2011, one of SkyRocket Media’s potential clients lamented about a review site that kept strong-arming them into paying higher fees to keep their #1 position on the site. Appalled, the SkyRocket founders dug into the review site industry. They found this “pay-to-play” practice was the “norm” for review sites. There were many other review sites muscling the top-ranked companies to pay more by threatening to “release” negative reviews or lower the companies’ rankings. Seeing an industry ripe for positive change, the SkyRocket founders launched bestcompany.com: a truly independent and impartial review site.

 

Related article: Replace or Complement? The difficult tessitura of Blockchain Technology 

Tags related

Media Appearence

What the Experts Are Saying about Cryptocurrency in Payment Processing

GET IN TOUCH WITH THE EXPERT

Infographic

Understanding Big Data in Financial Services

What is Big Data? What makes it different and how can Banks and Financial Services start Unlocking the Value from their Data?

Article

Sep 21, 2018

BestCompany.com – What the Experts Are Saying about Cryptocurrency in Payment Processing

5 misconceptions about the Capability and Innovation fund – and why fintech’s should care.

Read more
Scroll Up