Sentences with phrase «need for any intermediary banks»

Using blockchain as a payment rail, the company eliminates the need for intermediary banks, therefore reducing costs for small - and medium - sized businesses.

Not exact matches

Blockchain eliminates the need for a third - party intermediary like a bank by creating an instant, permanent and secure record of transactions.

The argument is that individuals could opt out of Ripple at some point when they do not want anything to do with financial institutions and banks and instead turn towards one on one dealings without the need for intermediaries.

The unevenness in PoP business models could smooth out soon, however, as the need for extra intermediaries diminishes due to banks regaining their appetite for clients.

Similar to the self - publishing platforms of Smashwords displacing the need for traditional or legacy publishers, crowdfunding platforms replace traditional intermediaries such as venture capitalists and banks, when authors seek to raise funds for the marketing and distribution of their books.

There's still a significant amount of other fossil fuel finance at the World Bank Group that will need to be addressed, including ongoing indirect support for coal through financial intermediaries and development policy finance, as well as other oil and gas finance.

Blockchain is the digital, distributed, and decentralized ledger that underpins digital currencies and is responsible for recording all transactions without the need for a financial intermediary, which is often a bank.

Ethereum blockchain will, wait for it, «improve banking trade settlement latency, increase transparency in supply chains, and create peer - to - peer markets where intermediaries typically were previously needed between counterparties».

Blockchain is the digital, distributed, and decentralized ledger often underpinning cryptocurrencies that's responsible for recording all transactions without the need for a financial intermediary, like a bank.

Bitcoin was launched in 2009 as the world's first cryptocurrency with the aim to provide a decentralized digital payment system that anyone can use without the need for a bank or any other financial intermediary.

Blockchain is the digital and decentralized ledger that records transactions without the need for a financial intermediary such as a bank.

Zen is making secure, peer to peer finance possible on a public Blockchain, removing the need for intermediaries such as banks and brokers.

Bitcoin also allows users to send and receive money across borders without the need for an intermediary such as a bank or a money transfer operator who takes a cut out of the transaction.