How Blockchain Will Revolutionize Online Payments The world of online payments is rapidly evolving. As technology advances, so do the ways we send and receive money. Blockchain technology stands out as a key player in this transformation. Its potential to change online transactions significantly is immense and exciting. The Current State of Online Payments: Pain Points and Vulnerabilities Online payments face plenty of challenges today. Here are some pressing issues: Fraud : The global payment fraud rate was 1.9% in 2021, leading to millions lost annually. Transaction Fees : Traditional payment processors often charge fees ranging from 2% to 5% per transaction. Processing Times : Payments can take from several hours to days, especially for international transfers. Blockchain's Potential: A Paradigm Shift in Online Transactions Blockchain technology is a decentralized system that records transactions across multiple computers. It promotes transparency, security, and eff