THELOGICALINDIAN - The French Competition Authority alleged Autorit de la accedence is attractive for acknowledgment from the accessible and fintech industry admiral on the change of the payments industry The regulator wants to accept the latest developments of blockchain billow cryptocurrencies agenda wallets and their appulse on payments
Competition Watchdog Notes Rapid Development of Crypto Assets and Blockchain
Last week, the antagonism regulator launched a survey with a focus on the fintech industry. Specifically, the bureau is absorbed in the appulse of avant-garde technologies like blockhain and billow on acquittal services.
The Autorité de la accedence wants to apperceive how the new players entering the bazaar will collaborate with acceptable cyberbanking solutions. The analysis will advice the babysitter amount out whether blockchain and billow startups and companies are bringing antagonism to ancient banking.
The regulator said that abstruse innovations had afflicted both the accumulation side, as crypto and billow firms action new possibilities, and the appeal side, as added customer are attractive for acquittal systems that are in band with the latest trends.
The antagonism ascendancy has mentioned how Apple, Facebook, and Google are entering the payments industry. These giants, forth with abounding startups, are anon arduous banks.
Here Are Some of the Questions
The respondents should abide their answers by June 19. Some of the questions are as follows:
Banks Might Lose Their Dominance Indeed
The absorption of the French regulator is well-founded, as cyberbanking giants ability lose ascendancy in the payments market. With or after Libra, abounding consumers are already application cryptocurrencies for payments added generally than we think, at atomic according to a contempo Visual Objects study.
During the aftermost few months, added crypto and blockchain firms accept broadcast their offerings to acquiesce users to buy with crypto. Starting from March, Android users can connect their Coinbase agenda to their Google Pay wallets. Elsewhere, CoinPayments announced a cardinal affiliation with Shopify aftermost week.
