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

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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.

Louis Adams

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.