Bottom up: Treasurers could force banks to pass on blockchain savings
Blockchain is widely touted as a tool that will save banks billions, but savings on payments and settlements will give treasurers leverage to demand cost cuts.
Cross-border payments are a huge business, and as the world becomes increasingly digitised, cross border payments are set to rise. Research by The Nielsen Company found that cross-border shoppers in the UK, USA, Germany, Brazil, China and Australia spent $105 billion in 2013, with that figure expected to increase to $307 billion by 2018.
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