Everyone talks about digital age, digital century, and i will tell you we are there already and it keeps improving day by day. When it comes to online and Internet based payment, a lot of stress and hassles comes with it, from going to the bank, clearing and days it takes before payment conformation, now this is what blockchain and cryptocurrency at large have come to solve.
Before and after blockchain technology comes to play or reality, making payment has been difficult and a little bit easier and not solved, but with blockchain and cryptocurrency which has come to play, its been able to solve part of payment problems and maybe all problems of payments in the years to come.
Ways people and organization can get the best out of Cryptocurrency age;
Banks making best of Cryptocurrency as payment; Imagine banks making use of cryptocurrency exchange to make payments and transact their daily business, yes its possible and that would eliminate even the need to go to banks to queue and thereby cut the delay in transactions which originally could take days. This has come to play already with the stellar lumens (XLM), which was built with the aim of solving banking problems when it comes to sending and receiving money.
Traders using cryptocurrency as a form of money exchange; this would actually go a long way to solving payments between those who are buying and selling in the market. This would actually reduce the need to hold physical currency for trading transactions.
Online stores using cryptocurrency as a mode of payment to buy and sell goods from their online stores. This would be perfect and easier to buy goods on the Internet, eliminating the need to input debit or credit card details for payments. The likes of Alibaba, Wish and other big stores taking cryptocurrency as a form of payments for their goods, interesting right?
Cryptocurrency as a form of international payments; This is a big issue over the years, taking or accepting cryptocurrency as a form of international payments would cut the need of going through a lot before someone from the other country to make payments or transfer money.
I keep hoping and dreaming this would go a long way to solving payments problems, imagine what we need is just the wallet address and its done.
Welcome to the Big Age
You are on point, the time will soon come when most people will be knowledgeable about cryptocurrencies and it's advantages in terms of payment