1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
  5. > Digital Currencies: The Future of Payments?

Digital Currencies: The Future of Payments?

  • March 2015
  • -
  • Verdict Financial
  • -
  • 31 pages

Summary
Digital currencies - particularly bitcoin - have vast disruptive potential in payments. These currencies have their weaknesses, but even if bitcoin itself never becomes popular, the technology that underpins it will change financial services entirely in the longer term.


Synopsis
- Gain an understanding of the key aspects of how digital currencies such as bitcoin function, and their strengths and weaknesses.
- Learn what is being done with digital currencies currently, and how these implementations may be improved upon.
- Benefit from a strategic view of this emerging market, with a focus on how banks and payment providers should respond.

Reasons To Buy
- What are digital currencies, and what impact might they have on your business?
- How do digital currencies work and what benefits can they offer?
- Can digital currencies be adopted by financial institutions, and is it worth doing so?
- What action, if any, needs to be taken to remain relevant in the changing market?
- What are the challenges facing digital currencies, and how might they be overcome?

Key Highlights
Bitcoin can offer faster and cheaper domestic and - most significantly - international payment services than the majority of alternatives in the market, threatening to displace the incumbents.

Bitcoin has numerous weaknesses including the diminishing returns of the mining system, its complex security requirements, its volatility as a currency, and the lack of regulation in the market.

Blockchain technology is the most important aspect of bitcoin and other cryptocurrencies, and can be adapted to numerous purposes both within financial services and in the wider technology market. Within the payments market, blockchain technology offers banks advantages in terms of speed, cost, and transparency.

Table Of Contents

Digital Currencies: The Future of Payments?

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Asia-Pacific Mobile Payments

Asia-Pacific Mobile Payments

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Spearheading Cashless Societies Countries within Asia-Pacific are trying to go cashless; mobile payment has been identified as an ideal solution to spearhead the transformation from cash-based to cashless ...

Growth Opportunities in the APAC Fintech Market

Growth Opportunities in the APAC Fintech Market

  • $ 4950
  • Industry report
  • October 2016
  • by Frost & Sullivan

Emergence of Asia-Pacific as a Fintech Innovation Center This research service explores the financial technology (fintech) market in Asia-Pacific and the potential impact on traditional banking services, ...

Global Electronic Funds Transfer at Point of Sale Terminals Market, Forecast to 2022

Global Electronic Funds Transfer at Point of Sale Terminals Market, Forecast to 2022

  • $ 4950
  • Industry report
  • November 2016
  • by Frost & Sullivan

Secure and Multi-functional Mobile Terminals Drive Market Growth Across Regions This study provides an in-depth analysis of the global electronic funds transfer at point of sale (EFTPOS) terminals market. ...


Download Unlimited Documents from Trusted Public Sources

Payments Statistics in the US

  • January 2017
  • United States  

    North America  

View report >

Debit Card Markets in the US

  • January 2017
    5 pages
  • Debit Card  

    ATM  

  • United States  

View report >

Global Payments Market

  • January 2017
    2 pages
  • Payments  

  • World  

    Netherlands  

    Europe  

View report >

Insurance Industry

8 days ago

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.