Latest opinions that Amy Lane has shared on Finextra

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Amy Lane

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01 Jun 2023

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Amy's opinions

Crypto friendly banks

Banks have been subjected to the risk of inflation in the market. There have been many banks that faced downfall in history and are still facing them. In all such scenarios, some banks are considering the usability of crypto assets. It was a fact that people were thinking BTC would end the need for banks, but their codependence makes the future mo...

09 October 2023 /payments /crypto Finance 2.0

Fraudulent chargebacks - a major problem for businesses

Chargebacks are a common issue, especially in the banking sector. It happens when any purchase or payment gets reversed, and the customers get their amount back because of the initiated dispute with their card company. The idea of chargebacks builds confidence in debit/credit card security and adds an additional layer of protection. Genuine as wel...

06 September 2023 /payments /crypto Business

Bitcoin is more than just an investment

Despite being one of the most popular cryptocurrencies, Bitcoin is often criticized for “not having any real-life use cases.” Well, nothing can be far from the truth. Millions of people are already using Bitcoin and other crypto services across a wide range of industries — from eCommerce to travel and gaming. When Starbucks unveiled ‘Starbucks Odys...

01 September 2023 /payments /crypto Business

Bitcoin vs. Traditional Payment Methods: What Is a Better Choice?

A payment method simplifies the mode of transaction of money simplified for the users and is reliable to them. There are certain qualities different payment methods have that make them unique. Various things need to be counted on when selecting this, like, fast enough to get settled, ease of use, and minimal fee criteria. Let's learn more about v...

17 August 2023 /payments /crypto Business

Bitcoin is the future of online payments. Are you ready for the paradigm shift?

Since its inception, Bitcoin has been steadily growing. A pizza that was once worth 10,000 BTC is now just 0.00058 BTC. Well, the price of Pizza has not gone down. It’s the Bitcoin that went all the way from $0 to $30,000. Today, Bitcoin’s market cap is $574 billion, the highest among all the other currencies. It represents a market dominance of 46...

07 August 2023 /payments /crypto Business

Why accept Bitcoin payments?

Bitcoin has been accepted worldwide nowadays due to its advanced accessibility by merchants and customer convenience. There are many reasons to accept Bitcoin payments, as it makes you stand apart from the traditional system and other businesses that are your competitors. Through Bitcoin, businesses can accept payments from their customers and eve...

27 July 2023 /payments /crypto Business

Crypto transforming iGaming and Online Gambling

The global gambling market is growing in leaps and bounds. In 2023, it was valued at $263.3 billion and is expected to grow at 5.6% in 2023. Cryptocurrency can play a vital role in accelerating iGaming industry’s growth in the coming years. Popular iGaming platforms, including 7Bit Casino, VAVE, and Fairspin, not only accept Bitcoins but also offer...

18 July 2023 /payments /crypto Business

Cryptocurrency offers the cannabis industry an alternative to banks

Cannabis businesses in the US are booming. It is projected that the US cannabis market has the potential to reach $45.8 billion by 2025. Despite President Biden’s announcement of reaccessing the classification of marijuana in 2022, not much has changed for the cannabis industry. Even today, it is classified under Schedule I of the Controlled Substa...

14 July 2023 /payments /crypto Business

Crypto helping the unbanked citizens

Over 7.1 million US households are unbanked — according to a recent survey by FDIC. Meaning no one in the household has a bank account. Lack of trust among financial institutions and privacy concerns were among the top three reasons why no one from the household had a bank account. About half of the unbanked households cited “Don’t have enough mone...

07 July 2023 /payments /crypto Business

Bitcoin Mobile POS: Bringing convenience, flexibility, and mobility to Bitcoin transactions

Nowadays, a lot of retailers and businesses have started using Mobile Point of Sale systems (mPOS) to collect payments across their offline touchpoints. After all, mPOS systems are easy to set up, convenient, and cost-effective. “Transaction value in the Mobile POS Payments market is projected to reach US$3.30tn in 2023.” Statista With the emergenc...

28 June 2023 /payments /crypto Business