{"id":53851,"date":"2020-07-04T00:32:36","date_gmt":"2020-07-04T00:32:36","guid":{"rendered":"https:\/\/www2019.dash.org\/?p=53851"},"modified":"2021-09-18T11:41:52","modified_gmt":"2021-09-18T11:41:52","slug":"have-decentralized-payment","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/have-decentralized-payment\/","title":{"rendered":"Have Decentralized Payment Systems Finally Managed to Compete With Visa and Mastercard?"},"content":{"rendered":"
It is no secret to anyone even vaguely familiar with the IT sector and the ever-evolving blockchain industry that the latter rose to prominence and capitalization on a slew of promises. Various blockchain projects of every degree strove to offer their own applications for the technology in every industry imaginable. From logistics and tracking the movements of pets on walks to medical services and voting \u2013 every aspect of human civilization was being \u201cblockchainized\u201d \u2013 for the greater good of mankind.<\/p>\n
However, the biggest domain of the promises was the financial realm, where blockchain had the greatest advantages in terms of throughput, relatively low fees, and transaction speeds. The competitors in the ring were the mainstays of the financial transactions market \u2013 Visa and Mastercard. Neither side would relent their position in the fight for becoming the next-gen infrastructure for global financial operations. And the fight is now entering its next round. So it is time to place the bets again.<\/p>\n