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❓ASK How are electronic money institutions leveraging technology, such as blockchain, in their operations in India?

B

Blaka

Guest
People are checking out blockchain tech because it could change how digital payments work. Some companies that handle electronic money are using blockchain to make transactions quicker and safer. See, blockchain spreads info across a bunch of computers, making payments faster and cutting the costs compared to regular banks.

There also something called smart contracts in blockchain. These contracts can do things on their own, like checking or making sure a deal happens, making the electronic money companies work better.

Blockchain can make money stuff more transparent. Every transaction is recorded and can't be changed, so it's secure and everyone can see what's going on. This helps stop fraud and makes people trust the system more.
 

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