Tag: Off The Ledger

How Small Businesses Can Thrive with Crypto Payments

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“From what was once a small afterthought for retailers to the predominant method of consumption, e-commerce has grown into a multi trillion-dollar market that’s slated to keep growing,” according to a recent infographic from eToro.  The infographic went on to attribute the COVID-19 pandemic as the “catalyst for explosive growth,” revealing that the e-commerce share of total U.S. retail sales has gone up over 16% in the first quarter of the year. As the sector continues to experience massive growth, it’s important for small- to medium-sized enterprises (SMEs) to capitalize…

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Paying with Cryptocurrencies Is Easier Than You Think

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Blockchain technology stores all the transactions in a ledger, and chains all the previous transactions together using cryptography and hashing, making it easy for people to not only track transactions, but also leverage them and form a more credible, verifiable network.  The fundamental features of blockchain, such as immutability, are helping us escape the expensive, less secure, and slow payment process we’ve grown accustomed to. A better understanding of this new technology and its implications is what has driven more consumers and businesses to opt for cryptocurrencies as a daily…

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Blockchain’s Instrumental Role in the Future of the Gig Economy

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The Freelance Workforce is Growing In the past year alone, 59 million Americans freelanced, according to Upwork’s Freelance Forward 2020 report. This figure represents 36% of the entire U.S. workforce, a segment that generates over $1.2 trillion in annual earnings through gig work.  Now, the emerging demographic of Gen Z is being added to the mix, with half of the Gen Z workforce freelancing in the past year. This doesn’t seem to be a momentary trend, with 9 out of 10 Gen Z freelancers stating they plan to continue to…

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The New Face of Finance: Stablecoins?

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Stablecoins: Knights in Shining Armor? The roots of the existing financial system run too deep to be overturned. But with the unmatched liquidity, higher returns, and more transparency that comes with cryptocurrencies, it became harder to accept the status quo.   The world got stuck in the middle.  On one side of the camp are those that believe the “stable” financial structure, which has been around for centuries, does not need replacing. The other side could not ignore the disruption that crypto brought to the very financial system we thought to…

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Open Banking has the Potential to Change Everything. So, What’s the Hold-up?

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Effectively, sometime in the last two decades, we went from being the desired consumer to the sought-after product. With the digital era’s industrial boom came a seemingly endless hunt for access to a trove of consumer information, and it can feel like we’ve lost ownership of our own personal data. And, as the world becomes increasingly data-driven, it doesn’t look like the hunt is going to slow down any time soon. This can all seem very bleak, but there’s hope.  In recent years, there has been a renewed focus on…

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