Stablecoins could be the future of digital e-commerce payments
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Over the past decade, payment companies and e-commerce have revolutionized the way people shop online. I do almost all of my shopping online, along with 263 million other Americans. For me, it's the most convenient way to shop and sort through what I'm looking for without spending hours browsing shelves of products.
While the online browsing experience generally works well, when it comes to paying, there are many opportunities for technology to further improve the consumer and merchant experience by integrating blockchain and payments from digital assets.
Dollar Digital Assets: The Basics of Programmable CurrencyThe blockchain is a digital, decentralized and immutable record of transactions that uses smart contract technology to create transparent, secure and automatic transactions directly between buyers and sellers. This technology enables the use of cryptocurrency, a digital asset and medium of exchange that uses cryptography for secure transactions. Some luxury brands, including Gucci, Off-White and Balenciaga, are already experimenting with digital assets as a method of payment.
However, digital assets such as Bitcoin and Ethereum are subject to price volatility, which makes it risky for buyers to use them for payment, given changes in value over time. It can be hard to get through the hype around these companies embracing crypto payments. Ultimately, the formula for transformative payments lies in digital dollar assets, or stablecoins.
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Learn about the essential role of AI and ML in cybersecurity and industry-specific case studies. Watch the on-demand sessions today.
look hereDollar digital assets provide the building blocks of programmable money, enabling a world where the transfer of value is like the internet, with the global and free exchange of value. Trusted stablecoins are essentially a digital version of a dollar – fully reserved by physical US dollars in bank accounts, exchangeable 1:1 for cash, and available for use on blockchains. Dollar-based digital assets are in a unique position to propel the digital asset payments revolution, with high-speed, low-cost, and always-available benefits, but without the price volatility.
In the not too distant future, stablecoins could become the primary medium for online and in-person transactions. According to a June 2022 report from Deloitte, nearly 75% of merchants surveyed expect to accept payments by digital assets in the next two years, and 83% expect consumer interest in digital assets to grow. increases over the next year.
Shopping with stablecoinsThe b...
Check out all the Smart Security Summit on-demand sessions here.
Over the past decade, payment companies and e-commerce have revolutionized the way people shop online. I do almost all of my shopping online, along with 263 million other Americans. For me, it's the most convenient way to shop and sort through what I'm looking for without spending hours browsing shelves of products.
While the online browsing experience generally works well, when it comes to paying, there are many opportunities for technology to further improve the consumer and merchant experience by integrating blockchain and payments from digital assets.
Dollar Digital Assets: The Basics of Programmable CurrencyThe blockchain is a digital, decentralized and immutable record of transactions that uses smart contract technology to create transparent, secure and automatic transactions directly between buyers and sellers. This technology enables the use of cryptocurrency, a digital asset and medium of exchange that uses cryptography for secure transactions. Some luxury brands, including Gucci, Off-White and Balenciaga, are already experimenting with digital assets as a method of payment.
However, digital assets such as Bitcoin and Ethereum are subject to price volatility, which makes it risky for buyers to use them for payment, given changes in value over time. It can be hard to get through the hype around these companies embracing crypto payments. Ultimately, the formula for transformative payments lies in digital dollar assets, or stablecoins.
EventOn-Demand Smart Security Summit
Learn about the essential role of AI and ML in cybersecurity and industry-specific case studies. Watch the on-demand sessions today.
look hereDollar digital assets provide the building blocks of programmable money, enabling a world where the transfer of value is like the internet, with the global and free exchange of value. Trusted stablecoins are essentially a digital version of a dollar – fully reserved by physical US dollars in bank accounts, exchangeable 1:1 for cash, and available for use on blockchains. Dollar-based digital assets are in a unique position to propel the digital asset payments revolution, with high-speed, low-cost, and always-available benefits, but without the price volatility.
In the not too distant future, stablecoins could become the primary medium for online and in-person transactions. According to a June 2022 report from Deloitte, nearly 75% of merchants surveyed expect to accept payments by digital assets in the next two years, and 83% expect consumer interest in digital assets to grow. increases over the next year.
Shopping with stablecoinsThe b...
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