Discover and read the best of Twitter Threads about #digitaltransactions
Most recents (2)
(1/11) Is #Blockchain an enabler for sustainable future? Fasten your seatbelts as we’re all set to embark on a deep topic voyage. 🧵 Read more at:
medium.com/zignaly/llts72…
medium.com/zignaly/llts72…
(2/11) 💻 #Blockchain is a shared #ledger or repository that computer #subnets may access. It is similar to a #database, but it is secure and #decentralized. #Cryptocurrency systems like #Bitcoin use blockchains to keep a secure and decentralized database of transactions. 🔐
(3/11) 💡Blockchain eliminates a #centralized command structure, allowing #data sharing among parties without needing a centralized system or administrator. It is #secure and #data can't be corrupted or destroyed by anyone with access to the main database. #FinancialTechnology
#ZeroMDR 1/ Since 2006 I have been the bigget believer and proponent of in digitizing payments - ideally via mobile payments - lord knows I've preached this more than anyone else has! Even my 83-year-old mother is a convert, and I literally refuse to pay anyone in cash!
#ZeroMDR 2/ The benefits of #digitalpayments are spread across a large ecosystem - notably the government, merchants, consumers, banks & Payment Systems Providers (PSPs).
The costs of digital payments are today borne by the banks & PSPs - who pass them on to merchants!
The costs of digital payments are today borne by the banks & PSPs - who pass them on to merchants!
#ZeroMDR 3/
Indirectly merchants pass these on to consumers & have a blended cost. Some explicitly pass these costs to the consumer as a "surcharge".
Today's incentive alignment ensures that cash will continue to be the most (financially) attractive for face2face payments!
Indirectly merchants pass these on to consumers & have a blended cost. Some explicitly pass these costs to the consumer as a "surcharge".
Today's incentive alignment ensures that cash will continue to be the most (financially) attractive for face2face payments!
