Bitcoin and cryptocurrencies are part of a technology “megatrend” that could change the fundamental mechanics of transactions, according to a new report from Goldman Sachs’ equity research analysts.
Bitcoin, along with improved payment security, ‘big data’ analytics and faster payment networks are the components of a technology trend that will disrupt the payments ecosystem, the report says.
The disruption of the $1.2tn global payments industry will be also be driven by converging trends in regulation, global demographics and the rise of markets outside the United States.
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