Blockchain & FinTech

Blockchains are a natural fit for eCommerce, since they were designed for storing transactional data. However, this data doesn't need to be financial. It can be any distinct action that requires an immutable record, including actions related to payment and order fulfillment . Fintech’s greatest contribution to global ecommerce has been altering and improving the online payment system. In countries where consumers do not have credit or debit cards or bank accounts, fintech has provided alternative payment methods. Without fintech cross-border ecommerce would be almost impossible.

 

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