Today In Data: Separating The Hope From The Hype In Payments
Hype is, and always has been, part and parcel to the world of tech. After all, almost no one bills their own innovations as the next medium-sized thing. But, as bitcoin and the blockchain have demonstrated over the last decade, sometimes the reality doesn’t live up to the advance billing. There are use cases still being discovered for both, of course, but it seems the early predictions that digital currency would overtake fiat currency were a bit over-enthused. Innovations have carried on in financial services, with big payments improvements for merchants when it comes to robustness and big shifts in consumer behavior toward digitization. Just after a decade, the blockchain isn’t driving all that many of them.
