Cryptocurrencies have made huge progress in a short time. But, despite the hopes, cryptocurrencies have not yet changed how we pay for things. One of the reasons is its extreme price volatility. Recently, crypto has inspired the biggest financial institutions, the central banks, to create digital currencies, the Central Bank Digital Currencies (CBDCs). With the help of blockchain technology, these currencies are poised to modernize retail payment systems. It also streamlines the connection between the public, corporations, and financial institutions.
Ever since Facebook’s rebranding to Meta, the concept of Metaverse has been capturing a lot of public attention. The Metaverse is considered to be the next evolution of social connection. It lets you socialize, learn, collaborate and play in ways beyond imagination. Another disruptive technology we all know is Blockchain; it’s the next evolution of how we share value.
The past year has brought many hurdles for fintech companies and startups. The economic recession and the interest rate cuts have changed many industry predictions. On the other hand, the pandemic, followed by the social distancing and lockdown measures resulted in rapid growth in public adoption of online financial services. Today, customers are expecting hyper-personalized […]
The landscape of the retail industry is facing several challenges in the aftermath of economic lockdowns. As the consumer demand for digital services is growing like never before, retail disruption with digital transformation is inevitable for businesses to stay afloat in these changing times. According to a recent report, more than 1,700 retail stores are closing in 2020 as […]