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ยท 9 min read

Evolution of Payments

Payments have come a long way, starting with the simplicity of cash transactions where parties trusted the physical exchange. However, as our world became more connected, centralized payment networks like Visa, Mastercard, PayPal, and others emerged to facilitate seamless global transactions. While these networks provided convenience, they also brought forth a new set of challenges, including high fees, privacy concerns, and reliance on intermediaries, leading to issues of censorship and control.