While the critics cast doubts on some of blockchain’s use cases during the crypto winter, one of the most prominent community figures laid out some points that cement blockchain’s position as a disruptive technology.
On Twitter, FTX crypto exchange CEO Sam Bankman-Fried highlighted use cases for blockchain and explained how some industries could benefit from integrating the tech. According to Bankman-Fried, blockchain technology can simplify payments, solve stock market flaws and revolutionize social media.
Bankman-Fried said that there are many issues surrounding cross-border payments. The FTX CEO laid out several examples that highlighted long waiting times and intermediaries that make the fees higher and often add uncertainty to transactions.
According to the executive, blockchain solves this long-standing issue in finance by replacing the lengthy traditional process with a simple three-step process of the sender creating a wallet, the receiver creating a wallet and then sending...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...