Will Cryptocurrency End Cash Transactions for Merchants?
Food for thought for FinTech investors: emerging payment processing companies are revolutionizing mobile payment technologies used in retail and restaurant transactions.
And the sky’s the limit for the mobile payment transaction world. According to research data, the market is expected to reach a value of close to US$3 trillion in the year 2020.
Mobile payments are undoubtedly changing the way the world shops and dines. The savviest investors are paying attention to innovative technologies in vertical markets because digital wallets are starting to replace physical wallets, as consumers are over paying with cash.
A digital wallet is an electronic device that enables electronic transactions, including purchases made using a smartphone.
Clearly, smartphones are the new wallets.
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