The B2B digital payment market’s value could reach $27.8T by 2032, with AI and blockchain technology paving the way for safer and faster transactions.
The increasing demand for fast, secure, and transparent means of transactions in digital commerce and digital remittances will drive this growth worldwide.
S&N Insider projects that North America will register the fastest CAGR from now until 2032, with Canada potentially leading the increase in B2B digital payments in the region.
But the digitization of B2B payments also comes with risks, such as data breaches, phishing, fraud, and ransomware. This is where AI and blockchain technology will come into play.
According to the report, AI can help detect fraud, speed up the invoicing process, and personalize payment experiences. Meanwhile, blockchain will allow for the creation of transaction records that are secure, transparent, and permanent.
The adoption of digital payments for B2B transactions will naturally spill over to the consumer space as well. While a lot of people use online banking and other online payment platforms every day, demand for crypto payment services is sure to grow, too.
It’s available for both iOS and Android devices, making it ideal for those looking for convenience. With the app installed on your phone, you no longer need to carry a separate device for storing your crypto and using it for your everyday transactions.
You can also choose to stake your $BEST tokens after you purchase them. The team currently offers a reward rate of 93% p.a., a compelling incentive to support the project.
But act quickly, as the token’s price will increase tomorrow.
As digital payments offer a fast and safe way to transfer funds, it will only be a matter of time before all businesses fully embrace them. Blockchain technology will play an important role, too, as it adds a layer of transparency to transactions.
Disclaimer: Do your own research before you invest. This is not investment advice.
