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Bitcoin can be used to pay employees in all different kinds of areas. Mixed martial arts might not be in the top 10 of “types of employees” looking to get paid in Bitcoin but that isn’t keeping Jon Fitch from sticking with the digital currency. In fact, Jon is the first MMA fighter to be fully paid in Bitcoin. Quite an interesting turn of events, but it seems to work out quite well.
Also read: OpenLedger Decentralizes FinTech Exchange Concept
Traditional financial institutions are struggling to remain relevant in this day and age of mobile and cashless payments. Credit cards are becoming even more common, yet that payment method is not without its flaws. Most of the mobile payment solutions are built on top of an existing financial infrastructure, but once clearing and settlement agencies start to build their own instant payment platform, you can be sure the game is afoot.
Make sure to read: Fintech Companies Leapfrog Banks To Offer Faster Payments
The financial sector as we know it has undergone many changes over this last 12 months. Even though there has been a disturbing lack of innovation from within the sector itself, the accelerated development of new technologies is making up for that. If all things go to plan, technology firms will be able to offer access to the payments system without relying on larger banks.
Make sure to read: NairaEx Aims To Restore Bitcoin’s Prestige in Nigeria
One of the things people criticise Bitcoin for is how they have a difficult time understanding the underlying technology and how the digital currency ecosystem works. But these same people fail to realise they have been using different types of technology for years, all the while not even fully understanding how it works. Twitter is a prime example of doing so.
Make sure to read: ABN Amro’s Arjan van Os: “Bitcoin is Ancient History To Us”
