FinTech Ecosystem Embrace Blockchain To Keep Up, Stay Competitive

While the emergence of blockchain could be good news for retailers, major payments processors could feel the pain if they don’t keep up with the new technology. Retailers paid a collective $108 billion last year in transaction fees, and while many companies are working on different payments technology to make buying easier, they aren’t doing much to lower those transaction costs for merchants. Enter blockchain, which would remove third-party centralization networks for small to medium-size businesses and replace peer-to-peer networks...