Post
Topic
Board Altcoin Discussion
Re: Can blockchain be used for fiat money transfers or mobile payments?
by
peter0425
on 14/06/2024, 22:23:27 UTC
Blockchain's decentralized nature, transparency, and security have proven valuable in DeFi, NFTs, and gaming. AAnd this have made some organizations prefer use it.
Perhaps it can also change how we send money, pay with phones, and use some financial services?
Is this not already in play?

We have digital wallets which contain cryptocurrency with blockchain technology. Actually in my country, mobile payments are already very common but still it was through fiat not crypto.

Mobile payments with blockchain tech will definitely revolutionize the whole financial system. I personally like the idea of paying without having to share your information not even your name. And your receipt is basically on the blockchain if you wanted to check.