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Crypto Payments Adoption in FinTech: How Do Retailers Fit in?

Retail TouchPoints

Get ready for a technology retouch. We’re all used to traditional payment methods, and fully digitized payment solutions have not yet become mainstream. However, even if you’re not yet set up for in-store crypto payments, you can still integrate a digital currency option into your ecommerce or click-and-collect offering.

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Everything You Need to Know About Bitcoin and Blockchain in Ecommerce

Ecommerce Platforms

But now it’s shifting towards bitcoins and digital currencies. Digital currencies are the future of ecommerce. Local currencies couldn’t be converted to bitcoin easily and, as a result, no retailer would even think of accepting bitcoins as payment. Blockchain is the name of the technology powering bitcoin.

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Understanding Bitcoin Wallet – How Does It Work?

365 Retail

However, it is still a new and constantly evolving technology. Bitcoin is a decentralised digital currency. It is a peer-to-peer currency and its transactions are made directly from user to user. Bitcoin wallets can be broadly divided into 5 types: software, mobile, online, hardware, and paper wallets.

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Digital Wallets and Cryptocurrency: DTC Brands Must Prepare for the Future of Money

ESW

Certainly, the dominant payment methods, credit cards and bank cards, are 40-year-old technologies. Financial technology, or fintech, is one of the fastest-growing industries in the world right now. That’s why it’s critical for brands to stay up to date with those technologies. And those innovations are certainly happening.

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Gartner Predicts COVID Will Accelerate These Top 5 Digital Commerce Trends

GetElastic

Uncertainty around the virus has kept the doors to traditional brick-and-mortar stores shut for most of the past year, forcing buyers and sellers alike to adopt new digital purchasing pathways, both in-store and online.

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Retail Trends: Going Cashless

OrderDynamics

There were early efforts at digital payments using a mobile wallet. Mobile payments systems like Apple pay, Google Wallet, Amazon Pay, Swish and Paypal have become ‘a thing’ Prepaid cards have completely taken off in retail. Let’s face it, retail has been the main driver of the cashless economy.

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Checkout Optimization: A Guide For eCommerce Retailers

Korona

So, of course, it’s important to keep up with the latest technology and offer the most comprehensive eCommerce checkout. Digital currencies. Pay special attention to provide a mobile-friendly experience. Run tests to ensure that the mobile experience is aligned with your online shopping. 1-Click Checkout.