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Benefits of Blockchain Technology in the Financial Sector?

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Old 28-09-2020, 05:28 PM
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Default Benefits of Blockchain Technology in the Financial Sector?

Since blockchain has its usage in cross-border remittances, KYC, trade finances, and digital currency, it has raised the standards by bringing an exponential change in the banking and financial sectors.
  • Eliminating the Intermediaries
  • Efficiency
  • Resolving identity theft issue
  • KYC (Know Your Customer)
  • Trade Finance
  • Consortium-Accounts Monitoring

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Old 28-07-2021, 12:34 AM
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I can't help but agree to get up. I think that if you want to find a good crypto wallet for yourself, then you should look at more here. Perhaps you just did not use the sufficiently convenient and newest wallets that are now on the internet. There is something more than binance, if you're interested.

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Old 29-10-2022, 01:44 AM
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Blockchain is much faster and cheaper than swift, that is true

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Old 06-03-2024, 06:17 AM
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Old 25-05-2024, 11:44 PM
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Quote:
Originally Posted by jimiraton View Post
Blockchain is much faster and cheaper than swift, that is true
lol whut, where u get that idea from?
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Old 28-05-2025, 02:12 PM
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I think blockchain is really helping the finance world. Everything’s getting faster, cheaper, and safer plus it helps stop fraud and identity theft.

KYC is easier too. Once your info is checked, you don’t have to do it again at every bank. Trade processes are clearer and easier to follow. And banks can watch shared accounts more easily.
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Old 28-05-2025, 02:20 PM
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I think blockchain is really helping the finance world. Everything’s getting faster, cheaper, and safer plus it helps stop fraud and identity theft.

KYC is easier too. Once your info is checked, you don’t have to do it again at every bank. Trade processes are clearer and easier to follow. And banks can watch shared accounts more easily.
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