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Business owners should get off PayPal and move to the blockchain

Published 09/18/2022, 01:57 PM
Updated 09/19/2022, 04:00 PM
Business owners should get off PayPal and move to the blockchain

Do you believe that in five years every second transaction in e-commerce will be settled on blockchain? No? Well, that’s what people thought of plastic credit cards versus cash a few decades ago when it came to traditional stores.

There is no doubt that Web3 will drastically transform the way e-commerce operates. Using cryptocurrency payments in e-commerce stores will become just as common as accepting PayPal (NASDAQ:PYPL), Klarna, Visa (NYSE:V) or Mastercard (NYSE:MA). Stores that don’t adapt their e-commerce platforms to accept cryptocurrencies will soon find themselves out of business.

Raymond Hsu is a co-founder and the CEO of Cabital, a cryptocurrency wealth management platform. Prior to co-founding Cabital in 2020, Raymond worked for fintech and traditional banking institutions, including Citibank, Standard Chartered (OTC:SCBFF), eBay (NASDAQ:EBAY) and Airwallex.

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