Category: Off The Ledger

The Future of Blockchain Technology in 2022

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With blockchain technology in the picture, a new perspective has come to light where trust and transparency have become the de facto requirements. However, in order to compete with the existing systems and meet the demands of our ever-connected world, blockchain now needs to take it one step further. Cue interoperability: Why do we need it? With so many blockchain platforms being introduced in the market, we have reached an autonomous ecosystem where they work in silos. As in, they work independently and do not share information.  Let’s consider a…

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Top 5 Blockchain Trends to Watch in 2022

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1. BCoT We’ve all heard of “blockchain” and “Internet of Things,” but not many have heard these two buzzwords used together.  Introducing “Blockchain Of Things,” which fuses the two concepts and is a trend that we are monitoring closely. As our devices become more interconnected, it is only natural these emerging technologies have synergized the way they have. By incorporating blockchain within IoT systems, personal privacy can be further strengthened across all of an end user’s devices — a crucial requirement in our growingly connected world. You can buy an…

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What To Look For In a Payment Gateway Provider

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The operations of a business are built on knowledge: knowing the product you are selling, knowing how to produce it, market it, sell it, and deliver it to your customers.  With the growing eCommerce market in the United States, there is pressure for many businesses to have an online arm to their company. As shown through Statista, eCommerce has steadily climbed every quarter over the past 10 years, with an especially high climb during the COVID-19 pandemic. According to those metrics, in the first quarter of 2021, 13.6% of all…

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13 Major Companies Accepting Bitcoin in 2021

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Cryptocurrency, especially Bitcoin, is one of the most hotly debated topics in business and economics. There seems to be debate over its use, production, sustainability, and veracity, along with countless other issues. Because of this, Bitcoin had an unsavoury reputation in its infancy. However, after continued debate and research, more and more people are beginning to come around to the idea of using it for payments. Bitcoin has been around for over a decade, but it’s only within the past few years that it’s started to gain the world’s popularity…

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21 Companies Accepting Cryptocurrency by Industry

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As cryptocurrencies become more mainstream, more people and businesses all over the world are using them daily. Crypto provides the consumer with efficiency and technological sophistication. Bitcoin and other cryptocurrencies have completely changed the concept of currency, catalyzing the market towards digital currencies – rather than fiat money.  Consequently, the result is that an increasing number of businesses, retailers, and merchants accepting cryptocurrency as a payment option in exchange for their goods and services. And, if the radical growth of crypto options and the voluminous growth in Bitcoin’s worth are…

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Crypto Takes Retail by Storm as Transaction Volumes Jump 90% in 2021

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At a Glance Retailers expect continued eCommerce growth through 2021 Crypto transaction volumes in retail sector are up 90% to $10.2M (QoQ) Crypto transaction sizes in retail sector are up over 70% as trust in crypto solidifies The new world of retail It comes as no surprise that the retail sector is rebounding globally, as consumers are once again ready to spend discretionary income after the economic uncertainty of 2020. As the Deloitte 2021 retail industry outlook explains, the pandemic saw consumer behaviors and expectations shift overnight, with technological adoption…

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How Businesses Benefit from Crypto Over Traditional Payments

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The payment landscape is currently experiencing intense transformation, and consumer behavior is evolving accordingly, accelerated by the fallout of a global pandemic that forced us all to reevaluate the way we interact and transact. Industries of all kinds have worked hard to adapt, but the service and commerce industries especially have found themselves at a crossroads.  The predicament they face is how to make calculated decisions that will help them simultaneously retain their existing customers and attract new ones. This can be particularly difficult in a rapidly changing environment, making…

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What You Need to Know About Gas Fees

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What is gas? Gas is a transaction fee paid by users to compensate for the computing energy required to process and validate transactions on the Ethereum blockchain. There are two main components: Gas Price and Gas Limit. Gas Price – The price per unit of gas is denoted in small fractions of the cryptocurrency Ethereum, called GWEI. GWEI is equivalent to ETH in the way that a penny is equivalent to the dollar; it is the smallest denomination of the currency.  Gas Limit – Gas limit refers to the maximum…

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