Digital Money is Still Money

 

Electronic payment technology is becoming the de-facto option across numerous industries. On this episode of MarketScale’s Software and Technology podcast, Adi Ekshtain, Co-Founder of Amaryllis Payment Solutions, and Viko Bargig, Solutions Architect for Amaryllis, sat down with Sean Heath to discuss the challenges of developing the latest and greatest technologies.

The world is moving toward the several digital transaction types more quickly each day, but the basic nature of the transaction remains quite simple, Ekshtain said. “There is a lot of commonality between different payment modalities and one of them is, of course, there is a payer and a payee.”

The perceived challenge in managing all of these different payment processes is actually less difficult than one would expect, explained Bargig. “It’s not difficult. It’s more the responsibility aspect of the business. It’s to make sure that everything is always up and running and everything is always available and accessible, regardless of the action or transaction you are trying to process.”

Ekshtain also explained that all of the various currencies, both physical and digital, are easily added to the system Amaryllis has created.

“We can plug them into our platform. We can accept them and, where possible, we can even disburse funds using those currencies. So, for us, we don’t look at them as the competition. We look at them as part of our ecosystem.”

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