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· EqualOcean
[Deputy Prime Minister of Singapore: blockchain technology helps improve cross-border wholesale transactions] on June 25, Vice Prime Minister and Minister of financial coverage coordination of Singapore, Wang Ruijie, mentioned that the cryptocurrency market has suffered market shocks just lately, however the blockchain expertise associated to cryptocurrency nonetheless has nice growth potential, which helps to enhance the effectivity and comfort of cross-border transactions and scale back transaction prices. Cryptocurrency property have just lately develop into the main target as a consequence of many unfavourable information. Nevertheless, this doesn’t replicate the utmost worth of blockchain and digital property. Taking cryptocurrencies for example, their costs could also be very unstable and affected by hypothesis, so they don’t seem to be appropriate for retail funding. Nevertheless, the blockchain expertise of cryptocurrency could enhance cross-border wholesale transactions. (Lianhe Zaobao)
This textual content is a results of machine translation.
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