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Coinbase Announces Offer Of Secondary Market As Firm Plans To Go Public

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As the crypto market is hotly anticipating the largest US cryptocurrency exchange Coinbase to go public, the company will also launch a secondary market along.

Although this market debut has been anticipated for some time, it wasn’t until last month that Coinbase filed a confidential S-1 for the stock listing on Nasdaq.

Employees are allowed to sell their shares

The exchange offers trading for several cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ethereum Classic, Tezos, and Bitcoin Cash.

Coinbase offers Bitcoin storage and transactions for about 190 countries, while it serves about 32 countries with fiat currencies.

The secondary market service will surely excite consumers and crypto enthusiasts who are wondering what type of service upgrade they are expecting when Coinbase goes public.

The message from Coinbase states that the Nasdaq private market will inform users how they can access the Coinbase sharers for trading and how the market will operate.

With this new development, both former and current employees with vested equity in the exchange are allowed to sell their shares. The exchange is expected to go public soon.

Coinbase will go public through a direct listing

Ahead of the Coinbase IPO, Nasdaq Private Market will provide services for companies, which includes controlled liquidity programs, especially for firms who want to raise secondary capital for investors and shareholders.

However, rather than going through an IPO, the expectation is that Coinbase will use the direct listing to reach the public markets.

The digital currency exchange was founded in 2012, with headquarters in San Francisco, California.

The company was founded by former Airbnb engineer Brian Armstrong, and former Goldman Sachs trader Fred Erhsam.

Coinbase has taken huge steps towards making the company attract global attention as it is today. The firm’s ambitious growth plans started yielding results almost immediately, as its user base grew to 1 million barely 2 years after it was formed.

Its growth was also helped by several partnerships with top brands like Time Inc, Dish Network, Expedia, Dell, as well as Overstock.

Presently, the exchange is valued at over $70 billion, as pre-IPO contracts have already started trading on FTX.

Coinbase Announces Offer Of Secondary Market As Firm Plans To Go Public

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Crypto and blockchain: What the Brazilian market can expect for 2021

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2020 will be remembered as one of the most difficult years for contemporary societies: Countries and entire populations have faced lockdowns and economic crises, financial markets still suffer from the severe impacts of the economic recession, and more than 2 million lives have been taken by COVID-19.

Despite this, other sectors have been impacted in other ways during the severe global health crisis — which still seems far from over, even though vaccines are beginning to be distributed in wealthy countries. Economies have radically digitalized, hedge assets have attracted mistrust, and the crypto market has had one of its most important years since 2009, the year of Bitcoin’s (BTC) launch.

In fact, the crypto and blockchain markets have stood out in the face of a crisis that has spared almost no sector. Cryptocurrency funds are among the most profitable of the year, Bitcoin and the biggest altcoins reach new historic highs, large institutions and investors in the financial markets have allocated investments in Bitcoin, and blockchain technology has broken down barriers in the financial sector and in the production chains of the most varied of sectors.

Faced with a year of profound changes, what is to be expected for the future? Cointelegraph Brasil invited some of the country’s top crypto and blockchain experts to chart the next steps for the market.

Institutional investment

Institutional investment was highlighted in 2020, finally reaching the cryptosphere, and it promises another year of growth in 2021.

According to Rodrigo Borges, founding member of the Oxford Blockchain Foundation, large Bitcoin contributions by institutional investors — which have even bought more BTC than the production capacity of miners — will intensify in 2021: “Regarding Bitcoin, I imagine that there will be an increase in demand for institutional investors, enabling the emergence of new products with exposure to Bitcoin,” analyzed Borges. He also sees “2021 as a year of consolidation and strong development in the sector.”

As for Tatiana Revoredo, MIT blockchain expert and Cointelegraph Brasil columnist, the custody of cryptocurrencies by traditional financial institutions and the adoption of stablecoins will be key in the new year:

“In the financial sector, we will see applications for custody of crypto assets being launched in Brazil, with the possible participation of the traditional market. And if the regulatory authorities allow it, stablecoins will have an expressive role in the Brazilian market, with the turnover being able to quadruple in size.”

Crypto markets

Crypto markets experienced a year of extreme optimism — or greed, as demonstrated by the Crypto Fear & Greed Index. Bitcoin reached a dramatic bottom close at $3,800 in March, and it beat its 2017 historic high of $20,000 on Dec. 16. In Brazil, the currency set a new historical record in November when it reached $106,000 Brazillian reals.

Cointelegraph Markets reporter Marcel Pechman highlighted the behavior of the market despite the setbacks suffered during the year. He recalled: “The Bitcoin and Ethereum markets developed in 2020 as never before imagined, both in terms of trading volume, price and the contribution of renowned investors like Paul Tudor Jones and Stanley Druckenmiller.”

Pechman said that despite the crypto market suffering some setbacks, the impact of those setbacks on market performance was not so significant: “We had, for example, the US Department of Justice suing BitMEX — at the time, the largest derivatives exchange — and KuCoin’s $280 million hack, and none of those affected the market.”

Pechman also recalled that the 2020 DeFi race led to expensive transaction costs on the Ethereum network but did not impact market sentiment.

OriginalMy CEO Edilson Osório agreed with the promising future of the DeFi sector, but he cautioned against fraud:

“This is an experimental and very promising market, but it must be given extra attention because of malicious groups applying scams and fraud in general. As it is a very new market, platforms may have problems with hacks, and due to the great centralization that exists (even with many platforms presenting themselves as decentralized), there is still a risk of exit scams.”

About 2020’s innovations, and the digitalization imposed by the COVID-19 crisis, Pechman also said that it will go even deeper in 2021:

“Successive innovations, which include Taproot, Schnorr and Lightning Network in Bitcoin, in addition to the launch of Ethereum 2.0 phase 0, pave the way for the next wave, with increasingly larger, scalable applications, and interconnected with traditional finance. The final proof? Fidelity offers loans covered in cryptocurrencies.”

On the domestic markets, Osório is betting on the tokenization market in Brazil, which is already used by the country’s largest crypto exchange, Mercado Bitcoin. According to him, 2021 will be a year for “maturing the security tokens market.”

“Existing protocols are beginning to be well regarded by regulators, since most of them provide for greater participation and visibility on the part of the regulator itself and allow the mitigation of various risks inherent in this market. In this race, there is a great chance that Brazil will gain prominence because the local regulator has established a regulatory sandbox and the first projects are already beginning to mobilize to have their applications running in a more legally secure environment,” – noted Osório.

Another player at the Brazilian crypto markets, João Paulo Mayall — head of operations at QR Asset Management — is also optimistic about the tokenization market in 2021. He highlighted the role of regulators in the sector’s expansion in the South American country: “I believe that the future is the tokenization of assets, debentures, court bonds, government debts. Brazil is very advanced in its banking system and we will have many surprises in this sector, so I am very optimistic. Tokenization is a billion-dollar market, but it lacks the infrastructure. Innovation came in front of the regulators, but I think they are open to listening and working on it. I think [the regulation] will happen next year, even before March 2021.”

Finally, blockchain expert Tatiana Revoredo argued that crypto adoption in Brazil, which saw its currency melt in 2020, will intensify, with Bitcoin once again asserting itself as an economic-protection asset. She believes that the crypto markets will see “an increase in the interest of Brazilians, with consequent increase in the Brazilian market, with a prominent role for Bitcoin being adopted as a protective asset.”

CBDCs and national governments

The digitization of economies has placed the discussion of central bank digital currencies, or CBDCs, at the center of debates by financial authorities around the world. One of the countries that has definitely entered this race is China, which is already conducting real tests of the digital yuan in the country. Its main geopolitical rival, the U.S., announced that for the time being, it does not intend to digitize the dollar, but it is already seeing internal pressure from not following the Chinese leadership in the sector.

The Central Bank of Brazil has also commented on the transformation of the Brazillian real into a digital currency a few times, although there are no concrete plans for that in the short term.

Osório believes the European Union will join the hype soon, further accelerating the global race for CBDCs: “Although China appears to be leading the CBDC race, other countries are also beginning to move in this direction. Among them, Estonia, which recently started an internal consultation for the launch of its currency in the digital version. In particular, I believe that in Europe a more comprehensive and organized movement should take place in this sense, given the incentives promoted by the European Union.”

Many experts try to predict the impacts of CBDCs on economies — one of the main concerns of economic regulators. Governments, which largely study the adoption of blockchain in their public processes, should also enter the debate on privacy and the digitization of money.

According to Tatiana Revoredo, “in the government sector, the forecast is for the growth of [blockchain] applications in document registration and health applications, as well as a greater concern, by the citizens, regarding the relationship between privacy and CBDC.” She also claims that payments processors should closely monitor this innovation:

“Those who should be more attentive to these movements are the means of payment, such as PayPal and their peers. They will have to look deeply into their business models as soon as governments start issuing their currencies digitally. ”

Blockchain adoption

Governments have also viewed blockchain technology through a positive lens. In Brazil and Latin America, several state entities already use the technology to certify documents, including customs and notary offices. Big companies are also adopting blockchain to certify production, with use cases that are only expected to grow going forward.

Borges said that the acceleration of blockchain adoption by large companies and governments can positively impact crypto assets:

“Within the scope of blockchain technology, I see the development of interesting solutions, with the increasing involvement of traditional players, especially in the financial and agribusiness sectors, which may result in increased liquidity for certain assets.”

Revoredo agreed and highlighted the advancement of technology in the agricultural sector: “There has been a significant advance in agribusiness, with use in the identification of devices (drones, for example), integration with IoT and artificial intelligence to provide greater reliability and certify quality of agricultural production.”

Osório defended the growth of the blockchain market in 2020 and its prospects for the near future: “When we look at advances in blockchain with applications beyond digital currency, we see a growing market in the area of ​​decentralized digital identity, including with the approach of governments. We have seen movements in governments in the US and Japan, interested in modernizing their digital governance models. And the pandemic has certainly helped to accelerate and advance discussions on the issue around the world, as it understands that the digitization of analog and traditional services is a necessity.”

The end of 2020 was a milestone that closed out one of the most dramatic years in the history of contemporary societies, but it also revealed ways to combat global economic and health crises.

Blockchain technology has helped societies fight corruption, adopt more transparent processes and even contributed to the certification of medicines and vaccines during the most serious health crisis of the last 100 years, in addition to helping companies to improve procedures, products and services.

Meanwhile, Bitcoin has strengthened as an economic protection and investment product, has attracted institutional investment giants, and — together with other crypto technologies — has even laid the foundation for central banks around the world to start implementing their own digital currencies.

We still do not know the depth of the revolution we are experiencing with the digitalization of societies and the weakening of national currencies around the world, but by the end of 2021, we will certainly know many of the answers to the questions that still plague us at the beginning of this new year.

Crypto and blockchain: What the Brazilian market can expect for 2021

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Kickstart Your Career in Blockchain Space: List of Best Specialization Courses in 2021

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Kickstart Your Career in Blockchain Space List of Best Blockchain Specialization Courses in 2021

2020 has been a year of Blockchain. The high package salaries of such professionals indicate that this technology is no more a new buzzword. Tech giants and enterprises have started adopting technology, and for that, they are hiring skilled professionals. The major reason why jobs in this domain are paid so highly is because this space is young, and people with any experience in the space are rarely few.

If you are looking for the most-demanding certifications in this space, you have landed on the right page. This article includes the details of the most popular, top-rated specialization courses ideal for beginners and professionals looking forward to pursuing a professional career in this domain.

Best Specialization Courses to Become a Blockchain Professional in 2021

With any further delay, let’s enlist the best specialization courses that will help you acquire a futuristic career in 2021.

This is another comprehensive online course and training program to become a Certified Professional in law domain. This particular training is primarily directed to guide an individual in creating solutions that can influence all the aspects of the law and deals with the assimilation of knowledge on how technology can be leveraged to speed up and streamline the process of tracing digital documents for evidence and automate the agreement process using smart contracts. You’ll be benefitted from:
complete fundamentals of DLT

  • its advantages in law
  • its use-cases such as Chain of Custody, Litigation, and Settlements, and much more.

As technology poses incredible benefits to HR professionals in talent management, verifying the accreditation of potential hires, safeguarding employee health records, and performance evaluation, this certification is in huge demand. Tech giants and organizations are looking for skilled HR professionals who understand this technology profoundly. 

This is another comprehensive and hands-on course to learn this technology in the HR domain. The course provides a complete overview of this technology, technology’s impact on human resources, and its varying use-cases. It educates learners to gain an accurate picture of the employees’ overall performance and business, in general, using this futuristic technology. The best thing about this specialization course is that it covers almost every vital concept needed to become a pro in this particular sector. 

This is a globally acknowledged certification that helps learners to gain an in-depth understanding of the Blockchain for KYC Procedure and implement skills to optimize KYC Procedure. After completing this course, you will be able to implement Blockchain’s understanding to speed up and simplify the process of digital identity verification, cross-border payments and to identify frauds in banking and other financial sectors. Acquiring this certification in your resume of the LinkedIn profile will help you showcase your skills and experience.

Informative and well-structured, the course is ideal for all those whose interest revolves around digital marketing. 

This is a unique training and certification specially designed to demonstrate how this technology can revolutionize digital marketing. This course covers all its fundamentals such as blocks, wallets, and addresses, public and private keys, Merkle Tree, and hashing, cryptography and algorithms, and much more. Moreover, it teaches how digital marketing will benefit from this technology and its various use-cases. The course will render expertise on eliminating digital marketing middlemen, eliminating online ad fraud, building trust, and transparency while giving customers full control of their information with the use of DLT.

This Digital Marketing Professional training will prove your USP and act as a catalyst to accelerate your career growth.

Through this outstanding course, you will be able to learn how DLT has the power to bring about a major breakthrough in the healthcare industry, especially in terms of Health Information Exchange, by improving data integrity, regulatory compliance, and privacy. The course details various problem statements such as Drug Counterfeiting, Clinical Trials, and Healthcare Records Management, focusing on technology fundamentals and its various use-cases in the healthcare domain. The course will help you learn about healthcare business needs, technology’s role in healthcare, and how to build DLT-based healthcare systems.

Although anyone can avail this certification, this is best suited for system administrators, architects, developers, network security architects, cybersecurity experts, and IT professionals.

This certification aims at imparting a complete understanding of Blockchain’s inherent security features and associated risk, in-depth knowledge of best security practices for DLT infrastructure, exploration of known cyber-attacks, ability to differentiate between various cyber-attacks and threats, and teaching how to transfer or mitigate security risk.

This program will solidify your basics and advance your knowledge in the featured topics and make you capable enough to handle relevant complex issues. This course enables you to implement your skills in any applications and build your own Blockchain enterprise with acquired knowledge. 

We all know that DLT has its implications in the supply chain domain for a long time. At present, the demand for DLT-based supply chain experts is surging. Such experts implement the understanding of Blockchain to increase revenues and decrease costs while improving overall quality.

This certification will offer you an in-depth understanding of the mechanism for blockchain technology functioning that will help you integrate this technology with supply chain management. By the end of the course, you will be able to create solutions that can impact all the facets of the Supply Chain.

This training is primarily directed to guide an individual in creating solutions that can influence all aspects of finance and deals with the assimilation of knowledge on how this technology can be leveraged to speed up and streamline the procedure of cross border payments and to reduce the cost undoubtedly.

Here are the key things you will learn in this program:

  • Overview of financial management and challenges in the financial system 
  • Understand the core concepts of technology and its ecosystem
  • Role of this technology in Financial System 
  • Vendor Perspective about Blockchain and its advantages in finance services
  • Use-cases including cross border payments, syndicate lending, digital identity verification, and trade finance 

Concluding Lines 

The Blockchain Specialization courses mentioned above are crafted by Industry Experts to make the scholars efficient in handling the different verticals of blockchain technologies. The best part about these courses is that they require no prior knowledge. After completing, learners will be proficient enough to engage with business executives and offer practical solutions for their specific needs. 

Blockchain Council gives you an opportunity to learn from top experts around the world, and courses are uniquely curated for professionals by premiers of multifarious industries. These are self-paced training ranging from 4 hours to 6 hours that require your attentiveness. It is as easy as it sounds.

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council. 

Kickstart Your Career in Blockchain Space: List of Best Specialization Courses in 2021

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Kyber plans to become a hub for DeFi with massive DEX upgrade

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Kyber Network (KNC), a decentralized exchange platform and aggregator on Ethereum, announced plans for Kyber 3.0, a complete overhaul of its platform.

With the 3.0 release, Kyber will transition to become a network of specialized liquidity pools, similar to how different exchanges optimize for different kinds of assets. For example, Kyber 3.0 will allow very high amplification factors for pairs between different wrappers of the same asset, similar to Curve. The team says this would allow a 100-fold improvement to slippage. Other, less stable pairs like Bitcoin (BTC) to Ether (ETH), would be able to benefit from a five-to-ten-fold improvement in capital efficiency.

The optimization is achieved by implementing dynamic market makers, or DMMs. This iteration on the original concept allows fine-tuned adjustments to the key parameters of a liquidity pool. Creators will be able to customize the pool’s relative weights of each asset — similar to Balancer — and set a custom amplification factor to reduce slippage.

Trading fees will be adjusted dynamically as well: During periods of high volume, fees will be increased, and conversely they will be decreased during lower volume periods. Such a mechanism helps mitigate some of the damage from impermanent loss, the phenomenon where a liquidity provider’s assets are constantly rebalanced to sell the winner and buy the loser. Since most of the impermanent loss occurs during decisive and likely high-volume moves to either side, a higher fee parameter helps capture some of the upside.

Another important improvement is gas optimization. Previous iterations of Kyber generally consumed much more block space and were thus more expensive to use. In a conversation with Cointelegraph, a spokesperson from the team explained that this was due to Kyber using a single access point for interacting with its many reserves and routing paths. The new version will allow higher flexibility, with users being able to take liquidity directly from the source they need, in addition to a general improvement to gas efficiency. The new architecture is also designed to support future cross-chain and layer-two scaling solutions.

These improvements are just a start, the spokesperson said. Future plans include more specialized liquidity pools for certain user niches. These include the Professional Liquidity Protocol, a specialized liquidity model for professional market makers, the Bridge Protocol for pulling liquidity from external sources and an upcoming derivatives trading platform.

The token economics of KNC will also be overhauled to bring it in line with other governance tokens:

“In the coming proposal, KyberDAO will have multiple sources of value accrual, including the new DMM and all new liquidity protocols. The governance utility of KNC will be greatly enhanced as well, given that they now have effective oversight of these various protocols. KyberDAO will also have the ability to vote in and fund new protocols for the network.”

The details of the change will be discussed and approved by the existing community, the spokesperson clarified. The KNC token will also have various value capture mechanisms, with holders being entitled to a portion of the fees generated by the protocol.

The upgrade will be rolled out in two phases, called Katana and Kaizen. The first will feature the DMM and a proposal for KNC overhaul and migration. Though no specific dates have been selected, the full transition is expected to be completed late in the third quarter of 2021.

Kyber plans to become a hub for DeFi with massive DEX upgrade

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World’s Top Vehicle Manufacturers is Leveraging Blockchain-Based “Birth Certificates” to Combat Used Car Fraud

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World’s Top Vehicle Manufacturers is Leveraging Blockchain-Based “Birth Certificates” to Combat Used Car Fraud

According to the latest announcement, Mobility Open Blockchain Initiative, a member-led consortium that works to create and promote high industry standards for smart mobility Blockchain adoption, has launched an initiative in order to track the purchase and maintenance of the history of second-hand vehicles.


Mobility Open Blockchain Initiative (MOBI) is aiming to combat used car fraud with Blockchain-powered “birth certificates.” 

Established in 2018, MOBI missioned to accelerate the adoption of Blockchain technology in the automotive domain.

It was reported that the initiative will utilize distributed ledger technology, Blockchain, to track the registration of vehicles and maintenance history using “VID II,” which is MOBI’s second vehicle identification standard. 

Apart from the automotive industry, other use cases for VID include supply chain, autonomous vehicle data exchange, supply chain, etc.

MOBI’s VID II is co-chaired by the world’s top vehicle manufacturers BMW and Ford. Other supporting initiatives are IBM, Quantstamp, Honda, Hitachi America, AutoData Group, Bosc, Quantstamp, among others. 

How will VID II Help?

According to the report published, the initiative will help reduce fraud in the second-hand vehicle markets and maintain traceability.

The report further revealed that on the Blockchain, vehicle registration grants previously disconnected vehicle registration systems between states and countries to connect using a distributed shared ledger. Furthermore, maintenance traceability will offer a tamper-proof history. 

MOBI COO and Co-Founder Tram Vo expressed his opinions regarding this initiative. He stated that he expects this automatic network for frictionless transfer of value in the New Economy Movement to bring millions of opportunities and possibilities to monetize vehicles, services, and infrastructure.

BMW’s Andre Luckow, believes that the reference architecture in the VID II standard is a key building block in reconstructing a frictionless mobility ecosystem.

Cynthia Flanigan, Director, Vehicle Research and Technology, Ford Research and Advanced Engineering, also believes that this research into vehicle identity technology could bring better opportunities in terms of ownership and help clarify the purchasing process in the near future.

It is believed that the VID standards, along with other MOBI standards for Blockchain applications in the mobility ecosystem, will increase mobility services and lessen frictional inefficiencies to a great extent. 

To get instant updates about Blockchain Technology and to learn more about online blockchain certifications, check out Blockchain Council.

World’s Top Vehicle Manufacturers is Leveraging Blockchain-Based “Birth Certificates” to Combat Used Car Fraud

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How Blockchain technology offers improvements to payments security

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Codezeros

Blockchain is disrupting industries like Fintech, Agriculture, Supply Chain Management, Pharmaceuticals, and Real Estate Registry. It has found unique solutions to some of the most pressing concerns of modern time. With the advent of big data and analytics, blockchain also provides pioneering solutions in data management.

The first and foremost application was found in the payments industry, with the introduction of cryptocurrencies, making them faster and more secure. In this article, we will look at how blockchain structure and Blockchain Payment Gateways can help make our payments secure.

Blockchain can be described as a living ledger with a network of peers who participate and monitor the assets and their transfers. They individually hold all the data of the blockchain but are collectively responsible for approving transactions. Data once approved is immutable and disincentives are present for shady or unscrupulous practices. This decentralized system has improved the efficiency, reliability, and security of countless industries.

Cryptocurrencies were the first application of blockchain technology, bitcoin, being the first of its kind. Any transaction or modification is accessible by all the users on the public ledger, adding a level of security. Just like fiat currencies issued by Central Banks, cryptocurrencies have all the properties: scarcity, fungibility, and non-repudiation but are not issued by a central authority. Instead, bitcoins are mined by solving complex mathematical puzzles related to the stamping of a transaction. Moreover, as this solution is impossible to falsify, it makes the complete architecture secure and very easy to verify.

The PCI (Payment Card Industry) Security Standards Council, a global forum created by leading payment networks such as American Express, Visa, and the likes believe that the payment industry is seldom prepared for changes. It works reactively to new threats and all-new payment method implementations are vulnerable to more modern attacks. For example, all critical payments information including credit card numbers, currently pass through the merchant’s payment systems and become the potential place for security breaches. A Blockchain Payment Gateway Development has the potential to eliminate this shortcoming.

Cryptocurrency is already accepted by a plethora of merchants and its usage is witnessing an upward trend. Consultants at PCI state that cryptocurrencies challenge these traditional approaches to privacy, trust, and security by its decentralized structure.

So far, centralized systems have controlled how payments are executed and users upheld their trust in the central institutions responsible for privacy and security. On the other hand, a cryptocurrency functions not on trust but on the integrity of the underlying algorithms governing the structure.

Every node holds a copy of the ledger and the protocol is governed by an MIT license open-source software. It uses a number of public security primitives and data structures that are well established. These include but are not limited to SHA256 hashes, Merkle trees, and Elliptic Curve Asymmetric Cryptography.

A group of transactions are used to form a block and this block is assigned a unique SHA256 hash. The subsequent block holds this hash key from the previous block and the cycle continues. This exercise links all the blocks to each other and forms a chain, which is known as a blockchain. Hence, it becomes impossible to modify a transaction once it has entered a block.

Firstly, cryptocurrencies provide an alternative to the current payment systems and highlight the flaws in the latter. Secondly, it provides a strong underlying architecture which can be used by Blockchain Development Companies to prepare future payment gateways and enhance security.

Cryptocurrencies are legal in most countries and with better regulations, its mainstream application can be witnessed pretty soon. The costs associated with cryptocurrencies to send and receive money are negligible compared to the current charges levied by card issuers, banks, and other intermediaries. Removal of intermediaries would also lead to shorter execution time and reduced risk of security breaches. A Blockchain Payment App Development would leverage all these benefits and provide a fool-proof, secure, inexpensive, and fast way to make payments.

Blockchain has the potential to acquire a huge market in the micropayments industry. Payment networks levy heavy charges in the form of a fixed + variable fee which goes exorbitantly high while handling very small payments.

The payments industry has seen major overhauls but struggled to keep pace with the growing internet and payment demands. Payment security is a big concern, especially when money is sent across borders and involves an exchange. In such a scenario, information passes through multiple processors and increases the likelihood of a data breach. A Blockchain Technology Payment Security offers the perfect solution through its decentralized system, thereby reducing intermediaries, costs, and risks in executing payments.

How Blockchain technology offers improvements to payments security

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