Binance predicts blockchain’s potential to transform global payments

Photo by Traxer via Unsplash. Article by Muhammad Zulhusni. The Block – September 4, 2024.

Blockchains could become the ultimate solution for a global payments infrastructure and potentially replace the existing banking system, according to a Binance Research report. Although today’s banking systems, such as Visa or Mastercard, provide almost instant payment authorization for consumers, the settlement of money between several banks can take at least one day. […]

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