A research done by the firms Capgemini and BNP Paribas Bank shows that the volume of electronic payments done with cryptocurrencies is estimated to reach 800 billion transactions by min 2020. This demonstrates how global digital payments through virtual assets are fast and furiously growing.
Although a cryptocurrency is a virtual currency that is not issued or backed by a central bank or government, people seem to trust its non-governmental nature and independency considering the advantages they are offering.
Banks and cards payment processors have made it difficult to open processing accounts and businesses struggle to obtain and retain clientele since their payments can’t be processed. The need for alternative and innovative payment solutions has emerged and cryptocurrency exchanges seem to be the supply to the fast-increasing demand. The crypto exchanges have become an alternative payment solution and it can be used for all kind of industries from the financial to the retail type business.
How does it work?
Simple and possible even without integration as per the model below