30 Sep 2022 By PAYCEC
Bitcoin functions as a blockchain payment processor, making borderless, anonymous payments in cryptocurrency form in a matter of moments.
Remittance overseas represents a real headache. The fees are high, the processing takes a long time, the money is easily stolen, and there are legal and tax issues to consider. And banks can alleviate these problems with a blockchain-based system.
A bank run occurs when too many customers attempt to withdraw their money at the same time and the money simply isn't there. As a result, an account balance is nothing more than a journal entry.
Meanwhile, payment processing using blockchain has a ledger that records accounting transactions. As a result, bank accounts could be represented on blockchains, making them more discernible and accessible.
Can primary markets exist if secondary market trading takes place on blockchains? Yes.
Today, a venture would necessitate the underwriting and sale of your shares by an investment bank, which can cost a company up to 7% of its gross revenue.
Imagine you are a company looking to raise capital by selling shares to the public through an IPO. It would be more cost-effective if you could sell the shares of your company directly to the blockchain, where you can then sell them in exchange for money.
If you need further assistance or answer, please don't hesitate to contact us.
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.