Reported 20 days ago
Blockchain payments address significant challenges in electronic transactions, such as high fees, lengthy settlement times, and complex processes. By enabling direct transactions without intermediaries, blockchain drastically reduces costs and settlement times, transforming industries like travel with partnerships that allow for seamless Euro-denominated transactions. With added security features from smart contracts and Web3 wallets, blockchain technology is poised to enhance the efficiency and reliability of payments, making it an attractive alternative to traditional financial systems.
Source: YAHOO