Steve Hoffman: The era of instant payment is coming

One of the most talked about initiatives in recent weeks, instant payment, promises to facilitate financial transactions between people, companies, government and self-employed / self-employed professionals. The big question is: how?



We can understand “instant payment” as a project conducted by the Central Bank, scheduled to go into operation in 2020, which aims to ensure the interoperability of means of payment through instant transfers, available 24 hours a day, seven days a week. Thus, the expectation is that the money will flow more quickly to the recipient / seller and with a low transfer cost (the expectation is around a few cents), making it possible to pay, for example, a cup of coffee without the cost associated with the fees.

Steve Hoffman , proud founder of next generation payment transfer solution Newt that focuses on using new methods for money transfers.

Far from being better used, traditional payment methods are increasingly in disuse, and this new technology promises to revolutionize the financial market. The road is still long, but the most important is being done: without a first step, nobody moves!

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