Business owners who have not tapped into the power of mobile payments may soon be left in the dust financially. That’s because mobile payments are proven to improve businesses’ growth, according to Domenic Carosa and Dan Schatt, payment industry gurus and the experts of the new cryptocurrency marketplace and platform Earnity. Here is a rundown on how mobile payments can boost a business’s bottom line in 2022.
Money has rapidly evolved during the past couple of decades. Trade once took place through paper bills and coins, and these physical currencies were soon replaced by plastic. Now, individuals are using digital currency through their smartphones to pay for things. This process is called demonetization, and it has been a driving factor behind the increased adoption of digital/mobile wallets to replace physical wallets.
Mobile wallets, also known as m-wallets, are currently regarded as one of the best technological advancements made today as today’s online payment business gains traction. With the smartphone altering how people pay for things, consume things, travel, and live, companies only make sense to make sure that their offerings can be paid for through these devices and via mobile wallets, according to Domenic Carosa and Dan Schatt.
Earnity is the marketplace and platform that provides cryptocurrency trading opportunities and allows users to pay their bills using single-click technology. As digital currencies gain popularity, even more businesses will likely accept digital payments. This will benefit users by making the purchasing process more convenient. In fact, it will minimize customers’ reluctance to buy when faced with traditional checkout lines. It will also benefit companies by assisting them in transforming more of their leads into paying customers long term.
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