Web3 In Banking Benefits
March 2, 2023 ⚊ 1 Min read ⚊ Views 102 ⚊ TECHNOLOGYWeb3 in banking allows for P2P i.e peer-to-peer transactions and removes the need for a third party, such as a bank, to facilitate the transaction. Transactions are recorded on a distributed ledger and that can be verified by each party involved in the transaction, making it more secure and reliable than traditional banking methods.
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