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A research by Capgemini and BNP Paribas Bank states that the total volume of digital payments is estimated to reach 726 billion transactions by 2020. With crypto acceptance still at a humble 2%, the share of cryptocurrencies in the global digital payments pie is relatively small, albeit growing. Being trustless and decentralized, use of blockchain and crypto platforms offers some distinct advantages over permissioned means of payment. The conventional solutions in use today, such as Visa, MasterCard etc. are centralized in their structure and hence have singular points of failure.