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Impact of Blockchain on Deposit and Lending
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Impact of Blockchain on Deposit and Lending
Question 1
Among the many financial industry core functions, deposit and lending could be
disrupted by blockchain. By starting a record of payments, blockchain technology could assist in
quicker payments at lesser fees than banks without intermediaries. The distribution of ledgers
can ease operating costs and bring transactions closer between monetary institutions. By
removing the security keepers in the deposit and lending business, blockchain technology can
make it safer to borrow funds and offer low-interest rates. (CBI Insights Research,…
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