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This article was written by Sergey Ponomarev, CEO of SONM.
A recent United Nations report found that blockchain — the technology that underpins digital currencies like bitcoin — could improve security and cut costs in banks in Latin America.
The blockchain is particularly useful in financial transactions because it creates an immutable, public record that verifies the legitimacy of exchanges. As a result, virtual payment methods are able to withstand economic turmoil, providing a more stable store of value while ensuring that transactions and savings are secure.
Investing in digital currencies, like bitcoin, is increasingly being seen as a viable alternative to ... (read more)