Over the past decade, there has been an explosion in the demand for cashless and digital payments all over the world. A recently conducted research shows that global transaction volumes grew by 11% from year 2014 to 2015, to reach 433 billion, an increase that is partially linked with the emerging Asia market. In the past 24 months, this growth has been enhanced by the introduction of mobile contactless payment solutions such as Apple Pay, Google Pay, Ali Pay and a host of other innovative and laudable solutions. Due to its overwhelming dominance and relevance, mobile proximity payment volume (such as Near Field Communication {NFC} and QR Codes) is expected to rise by a Compound Annual Growth Rate (CAGR) of 80%, between 2015-2020. This is estimated to bring the volume of the mobile proximity payments to over 4 trillion U.S dollars by year 2020. The crypto economy and crypto currencies in particular, are growing at a phenomenal rate. It is estimated that by 2020, the crypto economy will exceed 3 trillion U.S dollar and by 2022, it could be equal to 10% of the global GDP. Only time will reveal the accuracy or otherwise of these predictions, but one thing is certain for now; crypto currencies have passed the point of no return, they are here to stay and their importance and prominence will only continue to increase.