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NEW YORK, 21 December 2018 / PRNewswire / –
Payment solutions are becoming increasingly popular among consumers and businesses. Payment solutions offer a much more convenient method for sending or receiving monetary transactions between two parties. Furthermore, new technologies are integrated into payment solutions, such as blockchain and cryptocurrency. As technology advances, industry leaders are redesigning the payment industry with innovative and cost-effective solutions. According to data compiled by Capgemini and BNP Paribas, the global market for non-monetary transactions grew by 10.1% between 2015 and 2016. The research now predicts that the market will grow at a CAGR of 12.7% up to 2021 The market is driven mainly by developing markets like Russia, India is China. In particular, the developing markets are expected to grow at a CAGR of 21.6% over the next five years. The market should be driven by dell & # 39; Asia CAGR of 28.8%, while the regions already developed are projected to grow by around 7%. Glance Technologies Inc. (OTC: GLNNF), Square, Inc. (NYSE: SQ), Starbucks Corporation (NASDAQ: SBUX), Sony Corporation (NYSE: SNE), TD Ameritrade Holding Corporation (NASDAQ: AMTD)
The integration of cryptocurrency and blockchain technology is becoming important in the digital payments industry. According to InfoLic Research LLP, the global market for cryptocurrency and blockchain is bound to reach 42.16 billion dollars by 2022. Furthermore, growth at a CAGR of 35.2% is expected. The market is gaining momentum thanks to the widespread acceptance of technology. Specifically, players in sectors such as BFSI, retail, media, healthcare and others are adopting cryptocurrency as a form of payment. Cryptocurrencies offer a much more secure payment process as they process transactions much faster, which has made it extremely attractive for companies that deal with large volumes of payment transactions. "I can anticipate the day when each store will accept payment in a cryptocurrency," he said Stephen Pair, CEO and co-founder of BitPay. "It became clear that payment systems and traditional currencies were solid due to technology disruption, in the same way that email interrupted the post office."
Glance Technologies Inc. (OTCQB: GLNNF) is also listed on the Canadian Securities Exchange under the ticker (CSE: GET). At the beginning of yesterday, the Company announced that, "has submitted a provisional patent application with the US Patent and Trademark Office, directed to methods, systems and techniques for cryptographic token transfers.
This patent application is for a fundamental technology to reduce costs and improve the speed and efficiency of cryptocurrency transactions, even where the value of the transaction may be relatively small, as well as to facilitate the conversion between cryptocurrencies whose transactions they are recorded on different blockchains. It also facilitates the storage of information of different levels of sensitivity on authorized blockchains in different ways, which can be useful when privacy is important.
Desmond Griffin, CEO of Glance, says "some of the current obstacles to the adoption of cryptocurrencies for daily payments are high transaction costs for small-value transactions, low execution speed when trying to pay real-time and potential disclosure more information as you might want from a user.This patent application proposes various technological solutions that can be used to solve these problems.The goal of Glance is to make cryptocurrency payments practical for day-to-day payment situations. "
Glance believes that blockchain and cryptocurrency are fundamentally transformative technologies, providing important opportunities for early pioneers in this space. In addition to facilitating cryptocurrency transactions, the technology described in this patent application is applicable to Glance Coin loyalty reward to enable Glance dealers to reward and provide offers and incentives to customers.
About Glance Technologies: Glance Technologies owns Glance Pay and Glance PayMe, a pair of payment apps for complementary smartphones that enable merchants to provide their customers with fast payments, digital prizes and a better customer experience. "
Square, Inc. (NYSE: SQ) creates tools that help sellers start, manage and grow their businesses. Square allows sellers to accept card payments and also provides reporting and analysis, next day clearance and chargeback protection. Recently, Square, Inc. has announced Square Terminal, an integrated and innovative all-in-one card processing device designed to be fast, fair and secure. Square Terminal allows sellers to recall sales, quickly accept all forms of payment and print receipts, all from a single, elegant and elegant device. It's the best solution for companies that use their point-of-sale solution or manually type in a payment amount and want to process payments with Square. Square Terminal also offers sellers a fair and flat rate for each transaction, regardless of the type of card. "Payment terminals are everywhere, from liquor stores to laundries to dentists, and with Square Terminal we can now better serve these vendors with stylish new hardware on top of Square's fair and secure payment service," he said Jesse Dorogusker, Head of Hardware at Square. "Square Terminal was designed from the ground up to provide a feeling of familiarity, so that salespeople and their customers can use it right away.With Square Terminal, we now offer a sophisticated and modern hardware-plus-software solution for every type of business."
Starbucks Corporation (NASDAQ: SBUX), since 1971, has been committed to the ethical supply and roasting of high quality Arabica coffee. Intercontinental Exchange recently announced that it plans to create a new company, Bakkt, which works with Starbucks, BCG, Microsoft, which plans to leverage Microsoft cloud solutions to create an open, regulated global digital resource ecosystem. The new company will create an integrated platform that allows consumers and institutions to buy, sell, store and spend digital resources on a seamless global network. "As a leading retailer, Starbucks will play a pivotal role in developing practical, reliable and regulated consumer applications to convert their digital assets into US dollars for use at Starbucks," he said. Maria Smith, Vice President, partnerships and payments for Starbucks. "As a leader in the mobile payments industry for our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation to expand payment options for our customers."
Sony Corporation (NYSE: SNE) Unlimited passion for technology, content and services, and the relentless pursuit of innovation, pushes it to offer revolutionary new emotions and entertainment in ways that only Sony can do. Sony Corporation, Sony Music Entertainment (Japan), And Sony Global Education recently announced the development of a digital content rights management system that uses blockchain technology. This new system is based on the system previously developed by Sony and Sony Global Education for the authentication, sharing and management of educational data rights, as well as functionality for the processing of information related to rights. Blockchains create networks in which programs and information are difficult to destroy or falsify and are well adapted for the free transfer of data and rights. These traits give blockchain many potential uses in a wide range of services, including finance, commodity distribution management and the sharing economy, and blockchain is expected to lead to even more innovative services in future. At present, they are also used in public P2P network transactions, mainly with cryptocurrencies like Bitcoin. Sony Global Education is pursuing technological development and prototyping of the use of blockchain technology in the field of education. This newly developed system can be used to manage educational materials and other forms of content used in education, and Sony Global Education is considering its possible commercialization as a service. Sony Group is also evaluating innovative ways to use blockchain technology for information management and data distribution across a range of different fields. Through the technological development and marketing of blockchain, including this new system, Sony will continue to explore the possibilities that blockchain technology holds for the diversified and far-reaching corporate domains of the Sony Group.
TD Ameritrade Holding Corporation (NASDAQ: AMTD) provides investment and training services to over 11 million customer accounts for a total of over 1.2 trillion dollars in assets and custody services to more than 6,000 registered investment advisors. After being among the first financial services companies to offer customers access to bitcoin futures contracts last year, TD Ameritrade Holding Corporation announced that it has made a strategic investment in ErisX, a regulated exchange and clearing company. which will include futures on digital assets and spot contracts on a single platform. With a deep experience in the supply and management of a fully regulated market, ErisX entered the space of digital assets with a wide range of spot and futures contracts on a single platform. ErisX has integrated digital goods and technology products into reliable, compliant and robust capital markets workflows. With a regulated, liquid and accessible offer, ErisX enhances the digital heritage space for institutional and individual traders. "As a strategic investor, we look forward to working with the ErisX team as they develop and launch digital currency products designed to meet the needs of retail investors," said JB Mackenzie, CEO of Futures & Forex at TD Ameritrade. "ErisX's plan is to offer traders access to spot cryptocurrency contracts and futures contracts on a single stock exchange".
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