Cryptocurrency has become a global sensation in recent years, although a lot is still to be understood about this maturing technology. Many questions and concerns are swirling around the technology and its capacity to disrupt traditional financial systems.
Digital currencies are inevitably poised to influence financial systems. According to the World Economic Forum, roughly 86% of the world’s central banks are exploring the benefits and drawbacks of digital currency.
Cryptocurrencies, of which Bitcoin is the most well-known, are based on Blockchain technology, a decentralized network for registering transactions and ensuring their immutability over time, eradicating the current need for central parties to authorize the transactions.
In addition to generating greater efficiency in terms of time and potential expense, compared to traditional payment methods, cryptocurrencies offer some diverse advantages: including the proficiency to natively manage protocol spending rules at the single transaction level, or the ability to make numerous transactions with a sole payment method.
To know how Digital Currency is going to transform and revolutionaries all the Financial Institutions and what other changes we'll see in the future. Join Group Futurista in another amazing Webinar on the "Future of Digital Currency for FI"
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