News & Insights

Crypto assets and their infrastructure are set to transform the payments industry. In a video with media platform The Paypers, INNOPAY’s Douwe Lycklama says that the change brought about by crypto will primarily happen behind the scenes. “It will be much like the transformation of the telecom industry, from analogue to digital through VOIP, in the early 2000s,” he comments.

In the video, Douwe explains that while the user interface and financial products will not change much for end-users, the underlying payments infrastructure will undergo significant transformation. He therefore advises payments professionals to keep a close eye on the crypto-related developments to avoid missing out on opportunities.