Blockchain in Finance: Revolutionizing the Financial Industry
Blockchain in Finance and Payments
One of the most significant applications of blockchain in finance is payments and remittances. Traditional cross-border payments involve multiple intermediaries, which leads to delays in transactions and high transaction fees. Blockchain enables peer-to-peer transactions without the need for intermediaries which reduces the cost and time required for the transactions. Bitcoin and stablecoins are used for cross-border payments. It makes the process more efficient and accessible to a global audience.
