Mark Mason
Well-known member
Payment Apps Quickly Replacing Cash, Cryptocurrency Offers Best of Both
Payment apps are on the rise as cash fades from use, opening a place in the payments space for cryptocurrency.
The usage of payment apps such as Venmo, PayPal, Zelle, and others is on the rise, particularly among members of younger generations, who frequently use them for peer-to-peer payments instead of cash. These apps provide the experience of using a banking service for purchases while allowing for easy payments between individuals. Zelle alone, launched mid-2017, has already processed over 320 million transactions in a little over a year, underscoring the growing popularity of these services as cash becomes more and more rarely used. This does, however, come at the cost of user control over funds at all times, as well as privacy, when paying via third-party service with identification requirements.
Read more - https://www.dashforcenews.com/payme...cing-cash-cryptocurrency-offers-best-of-both/
Payment apps are on the rise as cash fades from use, opening a place in the payments space for cryptocurrency.
The usage of payment apps such as Venmo, PayPal, Zelle, and others is on the rise, particularly among members of younger generations, who frequently use them for peer-to-peer payments instead of cash. These apps provide the experience of using a banking service for purchases while allowing for easy payments between individuals. Zelle alone, launched mid-2017, has already processed over 320 million transactions in a little over a year, underscoring the growing popularity of these services as cash becomes more and more rarely used. This does, however, come at the cost of user control over funds at all times, as well as privacy, when paying via third-party service with identification requirements.
Read more - https://www.dashforcenews.com/payme...cing-cash-cryptocurrency-offers-best-of-both/