Proporcionamos a nuestros clientes asesoramiento experto y las mejores prácticas de la industria
LLÁMENOS HOY 864-649-6300
Menu
Search

In The News

Home > Blog Posts > The Benefits of Virtual Asset Payments
Ago27 - 20

The Benefits of Virtual Asset Payments

Brandi Reynolds, CAMS-Audit

Introduction

The new virtual asset payments can be a great game changer in the entire financial market area, especially over traditional payments. Below are three main benefits offered by these virtual asset payments.

Safeguarding the Money Remittance Business

The big change made by blockchain technology along with digital assets constructed on top of that, such as cryptocurrencies have been safeguarding money remittances. Utilizing blockchain technology for money remittances allows for quick, safe, and inexpensive remittances. Traditionally, cryptocurrency transactions have lower transaction costs than traditional payment methods.

Cryptocurrency Cannot be Deflated or Inflated

Cryptocurrency is decentralized, meaning it can’t be deflated or inflated due to the choices of a central government. However, not having a central bank control cryptocurrency adds to its volatility as no central force can step in to correct the markets (although this can differ by coin type).

Gives the Most Flexibility and Convenient Solution to the Banking Industry

We have been hearing a lot regarding digital banking and branchless banking which might still be ongoing in the future. We are seeing current conventional banks making attempts to get into this new area as virtual asset payment has taken the entire market by offering the most flexible and convenient solution.

Categories

Archives

Events

September
9-10, 2021

The 2021 PBC Conference will take place in Washington, D.C. At this event, you will learn more about payments, banking and compliance in the Cannabis…

October
24-27, 2021

The 2021 MoneyFest will take place in Las Vegas from October 24 to October 27. Learn more about this event here.

CONTÁCTENOS

Complete todos los campos marcados con * y envíe el siguiente formulario para
hacer su consulta.

PÓNGASE EN CONTACTO CON NOSOTROS HOY

Complete todos los campos marcados con* y envíe el siguiente formulario para hacer su consulta.

  • Este campo es un campo de validación y debe quedar sin cambios.

Call Now Button