Central Banking

Not all payments will benefit from blockchain – RBNZ research

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Domestic transactions could be made slower and more expensive if run on a payments network built on blockchain, an article published by the Reserve Bank of New Zealand says.

According to research conducted by Amber Wadsworth, blockchain “brings benefits in terms of the speed of cross-border settlement and improves security by removing the single point of failure”. 

For smaller domestic transactions, however, the technology slows the time taken for a transaction to be processed and is energy

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