A Retail Payment Rail is the underlying infrastructure and system that facilitates everyday transactions for individual consumers. In the digital asset sphere, this refers to blockchain-based networks designed to process small-value payments efficiently and at low cost. These rails enable direct transfers between consumers and merchants. They aim to provide accessible payment solutions.
Context
The development of robust retail payment rails using blockchain technology is a significant focus for increasing the utility and adoption of digital currencies. News often covers initiatives by central banks and private entities to create faster and more cost-effective payment systems. These advancements aim to offer viable alternatives to traditional payment networks for widespread consumer use.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
