ONLINE PAYMENT SYSTEMS FOR E-BANKING AND BLOCKCHAIN TECHNOLOGY
ONLINE PAYMENT SYSTEMS FOR E-BANKING AND BLOCKCHAIN TECHNOLOGY

Summary/Abstract: Technology plays a significant role in the area of development of new methods of payment and settlement. Banking and financial systems are closely linked to information and communication technologies. In general, the existence and functioning of virtual banks and the usage of Internet is part of developed countries practice. In this paper we attempt to throw light on the advantages of E - payments and E-banking as innovative products so as the costumers tend to benefits more from them. In the near future the traditional banking services will be completely replaced with electronic banking services. Blockchain technology as undeniably ingenious invention will change the way payments are conducted and fulfilled. The aim of this study is to analyze the potential impact of Blockchain technology and its rapidly growing development. The Blockchain technology and cryptocurrency provides a large field for the implementation of new ideas in new areas and provide new solutions for consumers worldwide. Thus, it is quite possible to suppose that Blockchain technology will shortly become one of the important components of many areas.

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