I like how
Omnitude's aim is to lower transaction processing costs between businesses. Eventually, this means the cost of business to be greatly reduced.. however, I am concerned, won't they have capital raising issues???
Overall it definitely will give customers lower fees and I think that's something everyone's talking about.
notes that 8 out of 10 people are willing to put in their CVV code from their credit card into an eCommerce site. Omnitude "blockchain-enabling" any eCommerce site removes this risk of credit card theft or ID fraud with its OID and blockchain verification mechanisms that enable this.
Nearly eight-in-10 online consumers (78%) are willing to enter a security code (CVV) for their credit card but only 57% of merchants require the use of a CVV code for online customer transactions.
It is true, online payment security is a huge concern for practically anyone who buys anything online. If important information is stored, God forbid, in plain text, then people will continually be at risk of potential exposure. About 1 in 2 people have experienced fraud.
These are crazy stats... it is ridiculous how at risk we all are.
I hope blockchain tech will bring a lot of security to the Ecommerce world.... I hope Omnitude has great success...