Why more people will use Blockchain-based payment platforms over banks in the future?

Blockchain technology-based payment platforms are being increasingly adopted by the financial services industry and are next in line to take over bank-based transactions. On August 17, Bitcoin’s market capitalization has surpassed that of fintech giant PayPal, a feat achieved previously by the cryptocurrency market as a whole. Such huge growth, achieved through mass consumer adoption, is largely in thanks to the increased security, transaction speed, and convenience offered by Blockchain technology. One of these payment platforms is the Swiss-based startup UTRUST, which is aiming to become the Paypal of the digital currency market. The company also intends to re-instill trust…

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