Blockchain could revolutionize payments by enabling self-custody and reducing intermediaries, benefiting the industry.

From Investing.com

August 30, 2024 07:00 AM:

Blockchain technology could revolutionize payment infrastructure by enabling self-custody of digital assets and eliminating intermediaries. The $2.83 trillion payments industry may benefit from the financial freedom offered by cash transactions. Bitcoin’s decentralized model promotes transparency, reduced costs, and peer-to-peer transactions. Despite progress in blockchain and stablecoins, outdated infrastructure hinders global payment efficiency. Binance sees blockchain as a solution for faster, cheaper cross-border transactions, although widespread adoption may be gradual. Challenges like scalability, user experience, and regulations must be addressed for blockchain’s full potential to be realized.

Read more at Barchart: Binance sees blockchain as key to modernizing payments infrastructure By Investing.com