Facilitating Online Crypto‐Payments Now and in the Future
By Evgeniya Mykulyak · 2019
The growing demand for online payments using cryptocurrencies has undoubtedly made its mark on the payment industry and, as a result, the authors have seen the emergence of more and more specialist payment service providers to cater for these needs. The financial benefits are simply too big for companies to ignore, and it is clear that this will continue as blockchain continues to establish itself in the future of payments. These kinds of solutions will be even more in demand. Cryptocurrencies have undergone turbulent times in the last year or so and the industry continues to bear the brunt of recent events. New restrictions and increasing anti-money laundering concerns have resulted in crypto being a heavily regulated area with higher operating costs, thorough KYC checks and fund validation for all those involved. Recent events have contributed to reshaping the payments ecosystem and will continue to do so.