The Future of Cryptocurrency in Retail: Pay Now, Pay How?

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 8 September 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Buzz 1: “Since the creation of bitcoin, hundreds and hundreds of crypto assets are gradually finding their place in society…many companies are already accepting virtual currencies as a form of payment (KFC, Subway...). Others have considered creating their own cryptocurrency, such as Amazon.” (daviescoin.io/blog) The Buzz 2: “Once a hard-to-grasp concept, cryptocurrencies are experiencing their “arrival”…More than three in 10 Americans describe cryptocurrencies as the future of money, according to a recent national Harris Poll…nearly 28% of millennials own or have owned some form of cryptocurrency…a growing number of retailers are now accepting the currencies. (forbes.com) The Buzz 3: “Belgian milk chocolate Bitcoins…Imprinted with the rallying cry of the rise of Bitcoin, “Vires in Numeris” translated to the dual-meaning “Strength in Numbers.…[you can] be the coolest kid on the blockchain.” (foiledagainchocolate.com) We’ll ask Darren Hunter at Rizing, Prabhudev Konana at Robert H. Smith School of Business / University of Maryland, Brian Cederborg at Rizing and Jimmy Kilpatrick at Amazon for their take on The Future of Cryptocurrency in Retail: Pay Now, Pay How?

Transcript

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0:00.0	Where does yesterday's future, which is already here, really here, really here, meet today's future, which is about to happen, and tomorrow's future, which could be just minutes away?
0:16.5	Welcome to Technology Revolution, the future of now.
0:27.6	Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven trends that are shaping our future right now.
0:31.0	Here's your host who will take us into the future of now.
0:34.9	Bonnie D. Graham.
0:36.4	Welcome, welcome, welcome. Bonnie D. in the house with a very interesting
0:39.6	panel and a topic I don't think we've ever covered in 108 shows on this series, which launched
0:45.8	in 2019. We're talking about cryptocurrency. I like to say, what's in your wallet? No, I'm not
0:51.9	cloning somebody else's commercial, but the title of
0:54.5	this topic is the future of cryptocurrency in retail. That's right, something you buy somewhere. Okay,
1:00.5	pay now, but pay how. So let me share three buzz quotes with you before I have my four esteemed
1:06.1	panelists introduce themselves. First up is a quote from, this is interesting, it's a website called
1:11.7	daviescoigne.io, and it's a blog. And here's the quote. Since the creation of Bitcoin,
1:17.8	hundreds and hundreds of crypto assets are gradually finding their place in society. Many
1:23.3	companies are already accepting virtual currencies as a form of payment. They mentioned KFC. you know what that is, munch, crunch, crunch, and Subway.
1:32.3	Others have considered creating their own cryptocurrency such as Amazon, so let that sink in.
1:37.3	Buzz quote number two is from Forbes, a very esteemed news site.
1:41.3	Once a hard-to-grasp concept, cryptocurrencies are experiencing their arrival, and it's
1:46.8	in quotes, gaining both consumer familiarity and retail acceptance. More than three in 10 Americans
1:53.1	describe cryptocurrencies as the future of money, according to a recent National Harris poll.
1:59.2	Nearly 28% of millennials, there's that M word popping up.
2:02.8	I thought we didn't talk about them anymore
	...

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