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Blockchain and Cryptocurrency: Redefining Digital Banking
Cryptocurrency is emerging as a disruptive force with huge potential to drive faster, cheaper, transparent, and more secure transactions. Bitcoin, the first cryptocurrency was introduced in 2009 to empower individuals and organizations to process transactions without any financial institution or third party, using algorithms and consensus to verify transactions. Fast-forward 11 years, and cryptocurrency has gained significant adoption across various industries around the globe – banking being one of them. Many financial institutions and start-ups are betting on blockchain – the underlying technology for cryptocurrency – to provide crypto friendly banking solutions to their customers.
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