In this exclusive guest article, Suren Ayriyan, The President of TEMPO Payments, explores the importance of tackling low scalability issues for blockchain payments.
Painful payment delays and high transaction costs are major deterrents when it comes to international payments. PYMNTS research highlights that 70% of consumers pay a fee to send money abroad, with variable fees averaging 6.2% and fixed fees set at $14.80.
If you think that it is not that expensive, imagine someone who needs to send money abroad to help a family member every month – in the span of a year, they will be losing a lot of money and time. A blockchain payment, instead of wire transfers, can help these individuals reduce their transaction fees.
In fact, today, some 23% of respondents who make remittance payments to friends or family in other countries use at least one kind of cryptocurrency. Furthermore, 13% of users say that cryptocurrencies are their most used payment method for online cross-border...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...