Fintech 1,000: B2C Payments will be be 10x cheaper but volumes will increase 10x

Blockchain ain’t about payments or even money. It’s about process.

Daily Fintech

The Fintech revolution is Moore’s  Law finally impacting Banking, Finance, Securities and Insurance (BFSI). If the cost of a payment is simply a flicker of attention from a server somewhere whose cost is dropping every year, expect the price charged for payment to eventually catch up to this reality.

At a macro level, payments is the big one.

When you find a market worth $1.5 trillion (yes, trillion) growing at 20%, pay attention!

“Business-to-consumer (B2C) ecommerce sales worldwide will reach $1.471 trillion in 2014, according to new figures from eMarketer, increasing nearly 20% over 2013.”

Note that this is only B2C. That is what I want to focus on today. B2B payments is another big market and there are cross-overs in the supply chain world i.e. B2B2C or distribution finance. However in this post I want to focus only on B2C.

Lets move from the macro 30,000 foot level…

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