Payments

After the introduction of blockchain technology, the payment field has made a major breakthroughs compared to traditional finance. As the first blockchain application, Bitcoin carries great significance in terms of payment facilitation. However, it is difficult to adopt Bitcoin within a widely-used setting in the real world due to its excessive volatility and slow transfer speed. Therefore, many encryption projects have appeared since Bitcoin’s emergence to provide payment options and also to bridge blockchain and traditional finance, thus allowing the rapid development of the entire payments field.

The QUATRO ecological platform network aims to build a decentralized wallet in smartphones, the D.E.S wallet.

The DeFi payments industry is a massive market and the global payments market is continuously experiencing growth. It is estimated that in 2023, the global payments market revenue will reach US$2.7 trillion.

The emergence of DeFi signifies that the era of digital economy is coming in full-swing, and blockchain as a core technology shall change the business landscape and developmental patterns of the payments industry.

The payment revolution has arrived, and the payments concept of DeFi is expected to possess broad prospects in future development. With the ideals of connecting both decentralized and centralized finance for the benefit of global investors, the path is clear for DeFi to assist in building a better, open financial future.