Binance Research: Blockchain Could Transform Payment Systems 🚀

- Binance Research says blockchain and distributed ledger technologies (DLT) have the potential to increase efficiency in the payments industry.

- Traditional payment systems struggle with high costs and long processing times.

- Blockchain can eliminate the need for intermediaries, enabling transactions to be completed in seconds and at low cost.

- Giants like Visa have launched blockchain pilot projects, but more growth is needed at the individual and retail level.

- Binance emphasizes that blockchain technology has time to mature and issues such as scalability and regulatory uncertainties need to be resolved.