The primary goal for of any merchant services provider is to come up with new ways to make e-commerce more appealing to both consumer and business. This is one of the areas companies are likely to put their attention on, together with card-present and card-not-present transaction processing in Europe.
But there is more, as this initiative could help facilitate cross-border services, assuming banks can get their clients interested in this prospect...
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Nice find. More good and legitimate press for bitcoin. I like this :
“Devices ranging from refrigerators to smartwatches now feature payment capabilities, which will spur changes in consumer payment behaviors. Likewise, blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified.”