6 Trends Impacting the Future of Payments

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6 Trends Impacting the Future of Payments
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• Fintech experienced a great revolution of all
  kinds this year with the rise of crypto assets.
• Crypto currencies like Bitcoin and Ethereum
  have been all over financial news outlets,
  different uses of blockchain innovation are being
  investigated to streamline diverse components of
  finance.

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6 Trends in Fintech That Are Ready to Change The
Way We Pay - Get Paid

1. Government Control.
2. Blockchain Peer to Peer Exchanges.
3. Cryptocurrency Use by Consumers Businesses
   Alike.
4. Generation Z-friendly.
5. Mobile Payments.
6. Internet of Thing (IoT).

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Government Control

• While the recognition of crypto currencies in
  2017 valid that it has the intensity to benefit
  mainstream acceptance.
• The sensitivity of crypto tokens has caused
  substantial regard among financial regulators
  around the world.
• International Monetary Fund boss Christine
  Lagarde, for example, has said "it's inescapable"
  that cryptographic forms of money will go under
  government control.

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Blockchain Peer to Peer Exchanges

• P2P Exchanges match Buyers with Bitcoin
  Sellers.
• These are individuals trading back forth with
  other individuals.
• Essentially, the sellers are setting their own
  price what types of payments they will accept.

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Cryptocurrency Use by Consumers Businesses
Alike

• Bitcoin Ethereum a total market volume of
  around 500 billion dollars.
• There are very limited ways for people to spend
  cryptocurrency.
• Blockchain development is still at an early
  stage, many of the needed tools
  infrastructure simply don't yet exist.

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Generation Z-friendly

• Accenture predicts that, by 2020, Gen Z will
  make up over 40 of United States customers.
• Financial institutions begin to deal with a
  generation that's never known a time before
  Google and the internet, it would not be
  surprising see the payment and banking industries
  begin to shift in a way that's friendlier to the
  younger generation.
• Gen Z is user experience, making UX design
  extremely valuable for businesses competing for
  the attention of this new generation.

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Mobile Payments

• Mobile payments have turned out to be hugely
  well known, with platforms like Venmo making
  money transfers extremely easy.
• Mobile payments are an increasingly popular way
  to pay because theyre secure, fast, and
  convenient.
• Mobile pay volume is predicted to increase to
  503 billion by 2020.

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Internet of Thing (IoT)

• Another recent buzzword, the internet of things
  (IoT), describes the integration of devices in
  the home, public and stores, using the internet.
• This integration allows centralized control of
  a variety of elements in an environment as well
  as the ability to interact easily within each
  element.

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