Traditional payment systems rely on the privacy of transaction information to maintain security. (gettoknowbitcoin.com)
In each case, bitcoin's real transaction growth is happening where it solves the problems which traditional payment systems impose on customers and merchants. (blog.bitpay.com)
«Bitcoin will take off in areas that are underserved by traditional payment systems right now, areas where people's next alternative is dramatically worse,» he said, citing microtransactions, cross-border payments and peer - to - peer lending as examples of verticals he believes will be profoundly impacted by bitcoin. (coindesk.com)