Advantages of Blockchain in Payments

KONPAY
May 10, 2023

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What are the advantages?
Blockchain facilitates fast, secure, low-cost international payment processing services (and other transactions) through the use of encrypted distributed ledgers that provide trusted real-time verification of transactions without the need for intermediaries such as correspondent banks and clearinghouses. Blockchain technology was initially used to support the digital currency Bitcoin but is now being explored for various applications that don’t involve bitcoin. KONPAY does that too. Removes intermediaries and make the world fast and convenient!

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