Blockchain Retail About to Explode; Mexico and Canada Move

Blockchain Retail About to Explode; Mexico and Canada Move

Blockchain businesses in the retail market will explode in the next five years as it will grow to more than $2.3 billion by 2023. Mexico and Canada moved forward and started a new Blockchain association and a new Bitcoin payment feature respectively.

Today, only six per cent of companies are ready to make the jump to the blockchain market, however, within the next five years, 78 per cent of businesses would be ready to integrate DLT for payments, said Monica Eaton-Cardone, founder of Chargebacks911 and an official member of the Forbes Technology Council.

“Distributed ledger technology has moved from theoretical possibilities to practical uses., and the implementations we are seeing now are just the tip of the iceberg in terms of what blockchain can do for retailers,” stated Eaton-Cardone. “I believe Blockchain has the capacity to completely reshape the retail landscape within the next five years.”

Blockchain applications are called to change the retail industry. Supply chain management is one, Walmart and Sam’s Club are a good example of that with their Blockchain solution to contain foodborne diseases.

Inventory management will be benefited by blockchain as the technology would save retailers more than $1 trillion each year from losses coming from back order and out-of-stock scenarios.

Blockchain will allow retailers to save and use customer data and loyalty programs, as well as improve subscription services and authentic verification. It will be safer, more efficient to track and attractive, and will offer better recommendations for both, companies and clients.

First Blockchain association in Mexico

Seven firms have created the first blockchain association in Mexico with the target of the developing of education among people in technology deployment and potential applications.

The Asociación Blockchain México was founded by Volabit, Bitso, GBM, ConsenSys, Lvna Capital and Exponent Capital, and follow the steps of other associations such as the Congressional Blockchain Caucus in the United States, e-Estonia in the east-European country, and Crypto Valley in Switzerland.

According to Mouses Cassab, founder of Exponent Capital, “today’s blockchain applications range from money transfers effectiveness and international payments to the democratization of the financial system.”

Felipe Vallejo will be the first president of the blockchain association. He said that Blockchain “technology has the objective of creating more transparent, safe and efficient procedures.”

In the same line, BIVA director affirmed the association wants to create “a space for discussion and public policy,” and at the same time, they want “everyone to be able to present their ideas.”

Regarding public policies and regulation, Banco de Mexico announced in September that any crypto exchange and banks providing crypto services will be required to have a permit from the bank.

Glance Technologies launches a Bitcoin payment feature

Canada is doing big steps in blockchain and cryptocurrencies. One example is the launching of a new Bitcoin payment feature by Glance Technology, the Canadian company based in Vancouver.

Glance Technology will allow users to pair their cryptocurrency wallet with their Glance Pay and Glance PayMe accounts.

“We are continually building out new payment features to ensure our platform is at the forefront of technology,” says Glance Technologies CEO Desmond Griffin. “Pay With Bitcoin allows Glance users to unlock the value of their crypto assets for use in their everyday lives while seamlessly opening up a new cutting-edge payment method for merchants.”

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Binance,Binance USA,Launch,USA

Binance USA Opens It Doors To Traders

After months of build-up and uncertainty, Binance USA has officially opened its doors and is ready for users to sign up and enjoy their service. The news of its launch comes not a second too soon for traders, after the international platform closed its doors to US traders last week, following an update to its […]

19 September, 2019
Exmo,EXMO Coin,IEO,Updates

Exmo Announce IEO And Request Beta Testing Volunteers

After a fairly quiet period from Exmo, it is now clear to see why as today, they have announced details of a new IEO and a request for volunteers for stop order beta testing on September 26, 2019. The Summer months were busy for the Exmo team. July saw the announcement of a new partnership […]

18 September, 2019
Commission,Exmo,Payment Solution,Updates

Exmo Announce Commission Changes for AdvCash

Every now and then, we hear news from exchange platform Exmo about updates to their payment provider charges. This time they have made some updates to the commission on deposit and withdrawals for the payment service AdvCash. The largest exchange platform in Eastern Europe announced the news via a blog uploaded earlier today, so if […]

17 September, 2019
Exchange Platforms,KuCoin,Law,Listings

KuCoin Delist 5 Projects from their Exchange

As part of their Special Treatment Rule, KuCoin will be delisting a selection of crypto projects from their platform. The Special Treatment (ST) process sees certain coins remove from the platform due to being deemed to have negative or risky qualities associated with them. These qualities can range from the project not providing appropriate information […]

17 September, 2019
Appointment,BitPanda,Exchange Platforms,Updates

BitPanda Welcome New Chief Financial Officer

BitPanda has had an internal shake around and appointed Peter Grausgruber as their new chief financial offer. The news of the appointment was made earlier on their website, where the new man himself explained, “The focus of my career is to help companies grow”. Something he states will be at the head of his priorities […]

16 September, 2019
Binance,Binance Launchpad,Giveaway,Token Sale

Band Lottery Promo Available Now on Binance

Binance has announced a new lottery to users where they can win a $300 worth of tokens each! As we announced last week, the 9th Launchpad project from Binance of the year was confirmed by the exchange platform to be the Band Protocol. This had raised $3 million in seed investments from 3 different lead […]

16 September, 2019
Derivative Trading,eToro,Exchange Platforms,Updates

eToro Unveil New Programming Language To Assist Derivative Trading

The derivative trading platform, eToro has released a new programming language known as Lira, which aims to help simplify the process of for those who trade derivatives. It has been stated that Lira should help reduce risks involved in settling contracts and the creation of new derivative products from assets that are built on the […]

16 September, 2019
CoolWallet,Promotion,Wallets

For a Limited Time, You Can Get a Personalised CoolWallet S

Fancy getting yourself a Coolwallet with a personal touch? Then head over to  CoolWallet now and get yourself a customised wallet for you to store your crypto with your name on it. These new customised CoolWallet S cards are offered in a bid to make cryptocurrency investment more attractive to their users. And of course, […]

15 September, 2019