Blockchain in Banking may resolve a lot of issues, which we are facing right now while transferring money to a cross border account.IBM has already initiated a blockchain project which is under beta development. The proposed project is to rectify the issue while doing cross border money transactions with different currency. The project promises that this can be done with a stable coin powered blockchain network. Already there are 72 countries have joined in to this project, and 47 digital currencies are developed.
Apart from this real life scenario, What blockchain can do with banking sector is, it will define a lot of use cases and from that use cases we can experience a lot of user friendly, bank transactions.
Now , let us discuss about the impacts of blockchain in banking sectors and how blockchain helps to rebuild the present banking sector .
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