In a recent report (published in Forbes magazine) the World Economic Forum has argued that decentralized payment technologies - like Bitcoin itself - could transform the "business architecture" of companies operating in the money transfer sector, a sector that has remained static in the last 100 years.

 

Blockchain makes it possible to circumvent the old connection systems and create a more direct payment flow between the sums and beneficiaries - in and beyond the borders of their nation - without intermediaries, at ultra-cheap rates and at almost instantaneous speed. Abra is a startup that promotes Bitcoin technology to create a highly secure trans-national money transfer service because it is based on the principles of distributed databases.

 

THE BLOCKCHAIN FOR MONEY PAYMENTS AND TRANSFERS

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