Startup Reimagines Payment Infrastructure

This is a news story, published by TechCrunch, that relates primarily to DTR news.

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Summary

Nutrition label

82% Informative

Distributed Technologies Research ( DTR ) is attempting to bridge the gap between traditional banking and blockchain technology.

The Swiss startup claims its technology can eliminate various payment inefficiencies, from transfer costs and interchange fees to foreign exchange conversion charges.

DTR ’s push into payments infrastructure comes at a seemingly opportune time.

Naheta sees an opening in serving businesses caught between digital nomads and emerging markets.

The payments industry’s high margins and network effects make it notoriously difficult to disrupt.

Until just a year ago , only option for businesses needing to move between crypto and traditional banking systems was to “go to like an OTC shop and pay probably like 1 to 3% to get it transferred”.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful