How is Bitcoin changing financial transactions?
by SMEBOOK (admin) · October 16, 2020
Banks and other financial institutions will soon subsume cryptocurrencies due to the ease of financial transactions and the worldwide popularity. Banking and financial sector may see a lot of scope in incorporating Bitcoins as a part of their system due to below advantages:
- Improved efficiency due to less dependencies due to decentralisation
- No dependency on Thrird parties or middlemen
- Low cost transactions
- Better protection from cyber threat
- Global trading is simplified