Blockchain Could Save Hundreds of Billions of Dollars for Consumers and Merchants

Coinbase, one of the largest cryptocurrency exchanges, wrote that people can save billions of dollars thanks to blockchain.

In the research conducted by the US cryptocurrency company, “Consumers will use blockchain technology in 2022 At least $74 billion in credit card fees “He could save money.” It was said.

According to Coinbase’s report “At least three in five Americans want updates that would make the system cheaper, faster and more accessible.” wants.

Coinbase obtained this data from information provided by the U.S. Securities and Exchange Commission (SEC) and the Census Bureau.

Company, “Merchants pay fees for credit card transactions from 126 billion dollars They paid too much. “If they had used blockchain technology, they would have paid almost nothing.” made the statement.

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