DigiByte Wants to Assist Target in Payment Software Problems with Blockchain

  • DigiBytes offers help to Target Tech due to an issue they experienced with their software
  • DigiByte is one of the most popular cryptocurrencies in the market

Back on Saturday, cash registers in Target US stores had an issue with their software. This generated large problems in these stores that could have been solved if they would have embraced blockchain technology of DigiByte.

Jared Tate, the founder of the DigiByte cryptocurrency, said that they could have handled all their payment needs in an easy way.

DigiByte Could Help Improve Payment Systems

In a recent statement released by the retailer, they explained that their registers are fully back online and clients are able to purchase their merchandise again in their stores. The outage was the result of an internal technology issue that lasted for around two hours.

In order to solve the problem, the technology team behind Target US started working quickly on the matter. As they explained, there was no user data compromised at any time. Meanwhile, Jared Tate decided to share his view about this issue and how to improve it.

He said that the DigiByte (DGB) blockchain can handle all the payments the company has and that since day 1, DGB has had 0 downtime after launching the genesis block.

“DigilD can help fix your cybersecurity issues,” Tate wrote. “We would love to talk. DGB is open source.”

This is not the only retailer in the United States that could improve its services by embracing blockchain technology. Kroger announced that its Smith’s Food & Drugs Stores were joining the Foods Co.

Supermarkets brand in not accepting Visa credit cards as a form of payment. In this way, 142 supermarkets and 108 fuel centre locations in the United States stopped accepting Visa payments. On the matter, Mike Schlotman, Kroger’s Executive Vice President and CFO, commented:

“Visa has been misusing its position and charging retailers excessive fees for a long time. They conceal from customers what Visa and its banks charge retailers to accept Visa credit cards. As Smith’s, Visa’s credit card fees are higher than any other credit card brand hat we accept. Visa’s excessive fees and unfairness cannot continue to go unchecked.”

At the same time, Kroger said that they were exploring other options to reduce the costs for clients when they pay for goods in their stores. Anthony Pompliano, the founder and partner of Morgan Creek Digital said that it could be possible for them to start using Bitcoin’s second layer payment protocol called Lightning Network (LN).

In a recent conversation with Coin Rivet, a Visa spokesperson explained that the cardholders are their first priority. They also mentioned that they want to ensure that cardholders are able to use their Visa card wherever they wish.

DigiByte is currently the 56th largest digital currency in the market with a market capitalization of $150 million. The price of each DGB is currently $0.012657.

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