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After significant hype with the rise of cryptocurrencies, there was a ‘Blockchain winter.’ The predictions for rapid adoption by 2020 never materialized; however, the underlying technology, Blockchain, still holds promise, especially in the B2B payments space. How Blockchain for B2B Payments Works. Frictionless Payments.
When it comes to payment processors in ecommerce sites, the talk used to be about credit cards, PayPal, COD (cash on delivery), et al. But now it’s shifting towards bitcoins and digitalcurrencies. Digitalcurrencies are the future of ecommerce. Currently, there are countless merchants who accept bitcoins.
Cryptocurrency, and Bitcoin especially, are more likely to draw raised eyebrows than excited grins these days. Digitalcurrencies like Bitcoin are helping both private users and online merchants to experience a whole new world of monetary exchange with complete ease,” eCommerce consultant Darshit Parmar writes.
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