5 Ways Blockchain Powered Digital Wallets Support Financial Inclusion
Some estimate that nearly a third of all adults globally lack access to financial systems for basic functions such as buying and selling assets, saving and establishing credit.
Some estimate that nearly a third of all adults globally lack access to financial systems for basic functions such as buying and selling assets, saving and establishing credit.
The European Union (EU) recently enacted the Markets in Crypto-Assets Regulation (MiCA) to demonstrate its commitment to fostering financial stability and safeguarding consumer interests. This legislation establishes a comprehensive and robust legal framework for regulating cryptocurrencies and other digital assets within the EU.
Paxos CEO Charles Cascarilla took part in a fireside chat with host Anish Shivdasani titled "The Potential for Tokenisation to Revolutionize Financial Services," in which he summarizes his vision for the digital asset economy of the future.
Pagamentos internacionais ou transações cambiais entre pessoas e empresas de diferentes países estão prontos para inovação.
Los pagos transfronterizos, o transacciones de divisas entre personas y empresas de diferentes países, están listos para la innovación.
The potential and proliferation of superapps has heralded a significant transformation in how end users can engage with financial services. Superapp use is not a futuristic reality, in fact, in some parts of the world, it’s the norm.
Trade finance is an integral part of global commerce, providing the necessary funding, insurance and risk management services to facilitate international trade. However, traditional trade finance is plagued by issues such as high costs and opacity.
While still early in the adoption phases within a historically conservative industry like banking, blockchain technology is already used in enterprise functions – from storing data across registries to tracking consumer goods shipped from around the globe.
The technology that supports our financial system needs an overhaul. Basic transactions have high intermediary costs and long clearance times, while billions remain unbanked, and consumer trust is likely to be impacted by recent bank failures.
The power of blockchain technology has become increasingly popular among businesses, especially in financial services. The instantaneous, transparent and decentralized nature of blockchain makes it an attractive technology for many applications, and many businesses are considering partnerships with blockchain infrastructure platforms.
Before enterprises can realize the potential benefits of industry-wide tokenization at scale they must consider the token issuer’s technical and regulatory specifics as carefully as they do opportunities for growth and innovation.
In the economy of the not-too-distant future, tokenization will transform how we conduct asset valuations, transactions and ownership verifications. The revolutionary technology behind it encapsulates physical or digital assets as distinct cryptographic tokens on a blockchain.