• September 28, 2023


All the latest cryptocurrency news

Study: Main Advantage of Blockchain is Ability to Send Funds Without Intermediaries

ByLouis Adams

Jul 27, 2022 #Blockchain
Reading time: < 1 minute

According to many analysts, cryptocurrencies will be an excellent alternative to traditional payment systems.

According to a study conducted by the International Association of Money Transfer Networks (IAMTN), the main advantage of blockchain technology is the ability to send funds without intermediaries.

Now operations are carried out with the participation of correspondent banks. If an individual and legal entity wants to send funds to anywhere in the world and as soon as possible, then he must use Bitcoin or another virtual coin.

In addition, the cryptosphere contributes to the modernization of the global financial infrastructure. Analysts believe the adoption of cryptocurrencies will speed up in the coming years, which will encourage more active use of such instruments in the transfer of capital.