At their core, digital assets are programmable payment rails. Blockchain provides the ideal foundation to deliver these payment rails, uniquely catered to a multitude of use cases, while reducing the risk of costly fraud chargebacks, the expense of legacy payment methods or the complexity of currency exchange. Business owners need to be aware of their possibilities and prepare for implementing them as smoothly and securely as possible, so consumers feel confident paying this way.
There are many reasons why blockchain is the technology of choice for payments, and here René Pomassl, Co-Founder & Chief Executive Officer at Salamantex shares his thoughts on three of them.
Blockchain’s decentralised nature can cut organisations’ costs. According to a Santander FinTech study…