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A. Lyle Elias
Publisher & Editor in Chief
ATMIA Founding Director

Cash-as-a-Token (CaaT) will pick up where virtual currency can’t go; A. Lyle Elias

May 23, 2019

Just a few of years ago virtual currency and all thinks blockchain where making headlines, but today only an occasional press release reminds us of why the underlying technology will revolutionize how payments will be processed in the not too distant future. Bitcoin has turned out to be more like a digital commodity than a currency. As cards and checks increasingly become unnecessary to transact in the world of near-real-time electronic payments, the adoption of digital currency is no longer farfetched. The Unified Payments Interface (UPI) in India is already surpassing mobile wallet transactions. Many countries have implemented electronic “ACH Push” technology for transactions that are authorized, settled and cleared in seconds. Which begs the question: Why Virtual Currency? (Read More)

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