Business owners should get off PayPal and move to the blockchain
Do you believe that in five years every second transaction in e-commerce will be settled on blockchain? No? Well, that’s what people thought of plastic credit cards versus cash a few decades ago when it came to traditional stores.
There is no doubt that Web3 will drastically transform the way e-commerce operates. Using cryptocurrency payments in e-commerce stores will become just as common as accepting PayPal (NASDAQ:), Klarna, Visa (NYSE:) or Mastercard (NYSE:). Stores that don’t adapt their e-commerce platforms to accept cryptocurrencies will soon find themselves out of business.
Raymond Hsu is a co-founder and the CEO of Cabital, a cryptocurrency wealth management platform. Prior to co-founding Cabital in 2020, Raymond worked for fintech and traditional banking institutions, including Citibank, Standard Chartered (OTC:), eBay (NASDAQ:) and Airwallex.
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