Introducing The Future of Digital Payment – Nexus Project

In recent years, the number of technical advancements has been astounding, and the rate at which these innovations are occurring has become so rapid that there is now a strong social demand for digitization in many economic segments globally.

Traditional versus digital

The traditional payment system has always been considered unreliable as it has the tendency of taking an excessive amount of time – sometimes days or weeks, to complete a transaction, making the system unsuitable for payment services. Moreover, it’s no longer news that the cross-border payments landscape using traditional rails is fraught with additional fees, hurdles and delays. Part of the problem is that the traditional systems are not interoperable, thereby resulting in long delays and high fees at each link of the chain.

On the other hand, digital payments have evolved tremendously in the past few years. According to research, the digital currencies market continues to grow as it is valued at approximately $2 trillion, and involves more than 15,000 varieties. The current trend of digital revolution is leading to a radical departure from the traditional model of m …

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• Source: https://coinquora.com/introducing-the-future-of-digital-payment-nexus-project/