August 25, 2022 // FranchiseMarketingSolutions.com // - The technological boom is happening all around us and the franchising industry is no exception. From the Metaverse to cryptocurrency, Authority Brands ensures that we remain informed on cutting-edge technology trends to best position our brands and owners for future growth.
Chief Information Officer, Ali Tafreshi, sat down to answer questions about trending technology and how they may (or may not) have an impact on the franchising industry.With the rise of cryptocurrency as a potential alternative form of payment, do you see crypto or blockchain technology making its way into franchising?
I don’t see an opportunity…yet. The value of cryptocurrency is notoriously unstable and there are many exchanges that are not interoperable. In other words, losing dollar value is a big risk to our franchise owners. Maybe when the market is more mature and value is clearly pegged to the dollar it can be incorpo…