Sentence examples for mainstream payment from inspiring English sources
Entrepreneurs and others who argue for expansion are eager for Bitcoin to evolve into a mainstream payment method.
Foremost among these are close coordination of long-term care with Medicare and other mainstream payment programs, and much greater attention to long-term and end-of-life care in medical, nursing and other schools of the health professions.
If Bitcoin becomes a mainstream payment system, or even a platform for all kinds of other online business besides payments (see "Why Bitcoin Could Be Much More Than a Currency"), it's going to have to process a lot more.
But the main issue is that Bitcoin is far from being a mainstream payment option.
Other mainstream payment process systems, such as Visa or Mastercard, on the other hand, are able to process thousands of transactions per second.
The innovation is touted as bringing blockchain technology to the "next level of evolution", enabling the platform that was the brainchild of a Moscow-based physicist to compete with mainstream payment processors and to achieve mass-market adoption.
How this is compatible with Bitcoin eventually becoming a mainstream payments mechanism is difficult to imagine.
But if Bitcoin is ever to be a serious challenger to mainstream payments systems, it must be able to create enough liquidity to support very high – and variable – volumes of transactions at low cost.
PayPal focused on targeting eBay's Power Sellers — those responsible for the bulk of volume going through eBay — and then amplified it by paying for user sign ups and invites to friends, effectively turning PayPal into a mainstream payments platform.
Despite a market capitalization that numbers above $100 billion, cryptocurrency as a movement has produced no mainstream blockchain payment solutions that can offer these three vital criteria.
Beyond the core question of why a new cryptocurrency needs to exist at all, MobileCoin will need to position itself as a compelling alternative to existing mainstream mobile payment services like Venmo and PayPal for normal users.
