'The future of digital payments lies in Web3 payment services,' Robert Miller asserted. cryptopayments blockchain
'The Future of Digital Payments Lies in Web3 Payment Services' Says Robert Miller of Fuse
Bitcoin.com News : What are Web3 payments and why should online merchants care about Web3 payments at all?Web3 payments refer to payments made using cryptocurrencies and blockchain technology. Online merchants should care about Web3 payments because they offer several benefits over traditional payment methods.
BCN: Can you explain why an online buyer should opt for crypto payments over say Visa, Stripe or other traditional payment methods that are supported by merchants?Buyers should do whatever is most beneficial to them as a consumer at the time. If the offer is the same as yours and you prefer to use Visa, then you should use Visa. The merchant, in this case, will pay 3.5% on the transaction.
While it’s true that the high fees and slow transaction times may make Bitcoin less attractive for small and everyday transactions, there are still many use cases where it can be valuable. Additionally, there are other cryptocurrencies and blockchain networks that are specifically designed for fast and low-cost transactions, such as Fuse, Polygon and Binance Smart Chain. These networks are more suitable for payment use cases.
BCN: What advantages do Web3 native solutions such as yours have over those offered by giants like Visa, Paypal, and Stripe?The future of digital payments lies in Web3 payment services. They offer a range of benefits over legacy payment systems, including reduced transaction fees, faster settlement times, increased security, borderless payments, and greater transparency and privacy.
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