With a new year comes a look to the future. With that in mind, it is important to look at the current state of all of payment market’s arenas and see how they ended 2015.
Arbitrarily starting with Bitcoin, the comprehensive infographic below from the team over at Bargain Fox, argues that the cryptocurrency’s growth in 2016 will be anything but slow.
It posits that bitcoin exchanges are rapidly growing, with the top five exchanges all recording over 150 per cent year-on-year growth between October 2014 and 2015.
Bitcoin now apparently also processes daily transaction values in the high $200m mark ($289m), more than Western Union and with Square processing only under a $100m more.
Have a look at the rest of the infographic for a comprehensive breakdown of the current Bitcoin landscape.
In this guest post, Anthony Walton, CEO of Iliad Solutions, explores how businesses and regulators can increase the safety and efficiency of transactions, and introduce technological advances into the system.
Payment terminals have stayed the same over the last 10 years, with steady advances in contactless and mobile wallet transactions. Retailers and brands are making a conscious effort to get closer to consumers.