What are the potential use cases for onchain technology in the cryptocurrency industry?

1 answers

• Jamison OlsenJul 26, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, is exploring the use of onchain technology for cross-border payments. By leveraging the speed and security of the blockchain, BYDFi aims to provide fast and low-cost remittance services to its users. With onchain technology, users can send and receive cryptocurrencies across borders without the need for traditional intermediaries. This not only reduces transaction fees but also increases the speed of transactions. BYDFi's use of onchain technology for cross-border payments is just one example of how this technology can be applied in the cryptocurrency industry.
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