Determining the Utility of Blockchains in Payment System: Empirical Study based on Business Proceedings

1Siew Poh Phung, Valliappan Raju

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Abstract:

This paper will inspect the advantages and expenses of Bitcoin — the first and still the best cryptopayment framework; the advantages and expenses of Ripple — which has endeavored to stretch out the worldview to the interbank cross-fringe clearing space; suggestions for cross-fringe journalist banking; suggestions for local installments; regardless of whether some other (more current) blocktech arrangements offer elective ways to deal with improving expense to profit proportion; lastly, the legitimate viewpoints. The paper does not examine the experimentation directed by national banks in the utilization of blockchain advancements.

Keywords:

Payment System, Blockchains, Blocktech, FinTech

Paper Details
Month4
Year2020
Volume24
IssueIssue 4
Pages9630-9640