The loyalty industry is changing due to the integration of blockchain technology. According to a PYMNTS Intelligence report, “From Transaction to Transformation: Blockchain’s Loyalty Proposition,” in collaboration with Solana, the loyalty market is projected to exceed $24 billion in revenue within the next five years,...
Cryptocurrencies, and more specifically their underlying blockchain technologies, have gone from a solution in search of a problem to a solution in hopes of some regulatory clarity. Along the way, the sector’s market capitalization has surged north of $3 trillion. As the global economy warms...
Complexity is frequently the default setting for business-to-business (B2B) payments, particularly cross-border ones. But the industry is moving toward greater simplicity and automation with the help of innovations such as embedded finance, API-driven seamless integrations, and artificial intelligence (AI) powered workflows that collectively promise to...
At its core, blockchain is a distributed ledger technology (DLT) that records transactions across multiple computers in a secure, immutable and transparent manner. Unlike traditional databases, where data is stored in a centralized system, blockchain distributes data across a network, ensuring no single point of...
Bitcoin and the global cryptocurrency market reportedly hit record highs Wednesday (Nov. 20). Bitcoin hit a record high of $94,982.37 before dipping to $93,709, a figure that was still up 1.6%, Reuters reported Wednesday. The value of the global cryptocurrency market also hit a record...
Blockchain is entering its institutional era. And the enterprise treasury function is all eyes and ears to the innovation. For example, news came this week that enterprise software maker MicroStrategy, whose business mission includes buying bitcoin, sold 13.6 million shares, tapping the public markets explicitly...
If the payments landscape had a holy grail, it would be seamless cross-border payments. Unlike domestic payments, which are shifting toward a real-time, 24/7 model, cross-border transactions are still fraught with inefficiencies and remain a critical yet complex challenge facing businesses looking to expand and...
No matter the application, the guiding principle behind tokenization remains the same: replacing sensitive data with a digital representation (token) that protects that data. Recent weeks and months have seen the rise of what we might term two “tracks” of tokenization. There’s payment tokenization, and...
Goldman Sachs plans to spin out GS DAP, its blockchain-based platform for participants in digital capital markets, from its Digital Assets business. The financial institution plans to explore strategic opportunities to do so with the aim of GS DAP becoming an industry-owned distributed technology solution,...
