The global digital payments sector is worth trillions of dollars. Yet despite this vast size, the system is largely controlled by a small number of centralized players. The blockchain revolution is working to usher in a new era of global decentralized payments. Why this matters:
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Decentralized payments are more resistant to censorship and government interference.
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A decentralized system can reach people who are traditionally underserved by global payment networks.
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Centralized systems present many privacy concerns.
If you’re looking to invest in the decentralized payments revolution, there are several projects worth considering. Here is a concise list:
Alchemy Pay (ACH)
Alchemy Pay (ACH) was one of the earliest global decentralized payment systems aiming to build the foundation for a blockchain-based global payment infrastructure.
Data source: TradingView
Alchemy Pay focuses on making it easier for people to pay with cryptocurrencies regardless of location. The platform also aims to simplify investing in crypto and managing digital assets in one place. ACH is currently considered undervalued, with a market capitalization around $182 million. As decentralized payments gain adoption worldwide, the project has significant growth potential.
Biconomy (BICO)
Biconomy (BICO) is a Web3 protocol designed to simplify the launch and operation of DeFi applications. It aims to create an interconnected platform of DeFi protocols that can provide a range of financial services, including payment solutions.
Anchain.AI
Anchain.AI is an emerging project positioning itself as a Web3 digital asset platform for users who want to trade and settle transactions in Web3 environments. The platform seeks to deliver highly integrated financial services that make decentralized payments easier and more accessible.