Definition ∞ A Retail Payment Network is an infrastructure that processes everyday financial transactions between consumers and businesses, such as purchases at stores, online payments, or bill payments. These networks include credit card systems, debit card networks, and mobile payment platforms. Their primary function is to enable secure and efficient exchange of value for goods and services.
Context ∞ The advent of digital assets presents a significant opportunity for the evolution of Retail Payment Networks, potentially offering faster and lower-cost transaction alternatives. The situation involves integrating blockchain technology and stablecoins into existing retail infrastructures or building new, digitally native payment rails. A critical future development is the widespread acceptance of digital currencies for everyday consumer transactions, challenging traditional payment methods.
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