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Introduction

Blockchain can transform how transaction data is handled and processed, and when combined with cryptocurrencies it has the potential to disrupt traditional models for digital payments.

Highlights

  • The most promising or interesting use cases for blockchain and cryptocurrencies center on the role that they can play in mobile money transfers, loyalty programs and rewards, and digital content distribution and associated payments.
  • Achieving scale remains the biggest hurdle for cryptocurrencies to overcome. Achieving scale involves expanding how cryptocurrencies are used, moving from the current narrow scenario where they are predominantly a trading asset in the hands of a few into a scenario where they are used for mass-market applications.
  • Service providers should only embrace blockchain and cryptocurrencies if they can bring genuine innovation, efficiency, value, or other meaningful benefits to consumer payments or indeed any other application.

Features and Benefits

  • Explains exactly how blockchain technology and cryptocurrencies function in the m-payments context.
  • Discusses the most promising m-payment and commerce use cases for blockchain and cryptocurrencies.
  • Describes the challenges facing blockchain and cryptocurrencies in m-payments, and how they must be addressed.

Key questions answered

  • What are blockchain and cryptocurrencies and how do they enable m-payments?
  • Where will blockchain and cryptocurrencies have the most impact on m-payments?
  • How should m-payment service providers leverage blockchain and cryptocurrencies?

Table of contents

Summary

  • In brief
  • Ovum view
  • Recommendations for consumer service providers

Market status

  • Blockchain and cryptocurrency dynamics are changing
  • The appeal of blockchain and cryptocurrencies in the m-payments domain

Market dynamics

  • Payment-related use cases enabled by blockchain and cryptocurrencies

Market outlook

  • Multiple challenges and issues that need to be addressed
  • Blockchain and cryptocurrencies must be a solution to a genuine problem

Appendix

  • Methodology
  • Further reading
  • Author

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