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Posted by geekstation on February 22, 2025 at 7:59am 0 Comments 0 Likes
Posted by geekstation on February 22, 2025 at 7:50am 0 Comments 0 Likes
Posted by Micheal Jorden on February 22, 2025 at 7:50am 0 Comments 0 Likes
Posted by goditac499 on February 22, 2025 at 7:45am 0 Comments 0 Likes
Although blockchain technology could be applied to many data processing functions, payments and fraud reduction are two areas with immediate traction. Transferring money is currently time-consuming and often requires financial intermediaries. Each of which takes a service charge and is subject to greater regulation and higher costs due to the prevalence of fraud. Blockchain reduces the number of middlemen while increasing security. Which could reduce industry-wide transaction and processing costs by billions. But this reduction in back-office red tape comes at the cost of eroding traditional roles within the financial industry.
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