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:

  1. Improved efficiency due to less dependencies due to decentralisation
  2. No dependency on Thrird parties or middlemen
  3. Low cost transactions
  4. Better protection from cyber threat
  5. Global trading is simplified

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How is Bitcoin changing financial transactions?

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