NetworkNewsWire Editorial Coverage: The growing popularity of cryptocurrencies has led to a surge in payment systems built on the blockchain technological revolution.
- Blockchain-based payments, which can be transacted directly between parties without bank involvement, allow those underserved by banks to access electronic payment.
- These blockchain-based payment systems are growing in popularity and prestige, with celebrity endorsements and appearances on the high street.
- They allow consumers to make fast payments and businesses to reduce payment processing fees.
The growing mainstream popularity of blockchain-based payments is reflected in a recent TV advertisement by SinglePoint, Inc. (OTCQB: SING) (SING Profile) for its cryptocurrency wallet. Online retailer Overstock.com, Inc. (NASDAQ: OSTK) is also launching a digital wallet service that supports cryptocurrencies, following the path of Square Inc. (NYSE: SQ), which is integrating bitcoin into its mobile payment systems. Electronic payment giant PayPal Holdings, Inc. (NASDAQ: PYPL) has taken out a patent for a faster cryptocurrency payment system, reflecting the company’s interest in this sector. Meanwhile, the growth of blockchain is driving growth for NVIDIA Corporation (NASDAQ: NVDA), which produces…
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