Can Blockchain Improve Cross-Border Payments Without Regulatory Roadblocks?
Blockchain technology could redefine traditional financial processes, according to Paul Giordano, vice president of digital assets at MARA.
Giordano, scheduled to speak at the upcoming Benzinga Future of Digital Assets event, emphasized the potential for efficiency in areas such as cross-border payments and transaction clearing.
He also outlined challenges, particularly those posed by the regulatory framework.
Streamlining Financial Operations With Blockchain
Giordano explained that blockchain integration could address long-standing inefficiencies in finance, reducing reliance on intermediaries and thus lowering transaction costs. “Blockchain technology has the potential to increase efficiency in processes like cross-border payments, settlements, and clearing of transactions by bypassing intermediaries and reducing fees,” he said. He noted …
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