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For retailers, the revolutionary payments shift towards cryptocurrency will certainly come with challenges, but it may all be worth it. Industry leaders such as Starbucks and Burger King are already embracing crypto payments. Payment terminals and tablets are simply not yet designed to execute cryptocurrencypayments.
There are various use cases for cryptocurrencies and the technology that powers it, the blockchain. Since essentially any digital property can be turned into an NFT and sold for value, the process has garnered attention from digital creators and collectors for all the right reasons. MasterCard. American Express. Google Pay.
Despite the early hiccups of SMS payment and WAP payments that did not catch on, cashless transactions crept in regardless. Mobilepayments systems like Apple pay, Google Wallet, Amazon Pay, Swish and Paypal have become ‘a thing’ Prepaid cards have completely taken off in retail. WIIFM as a Retailer? .
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