January 2020
Intermediate to advanced
530 pages
11h 11m
English
Content preview from Blockchain Development for Finance Projects
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Introducing the distributed currency trading exchange
Blockchains are facilitating much more transparent, faster, and efficient cross-border remittance transactions. This is due to the much faster reconciliation that the technology offers when compared to traditional payment systems. However, cross-border transactions are incomplete without cross-currency transactions.
Cross-currency transactions convert the starting or initiating currency of a cross-border remittance into a different currency, suited to the beneficiary receiving the remittance transaction. Thus, if an importer in India is paying an exporter in Germany, they may initiate the transaction in INR but may want the exporter to be paid in EUR. In traditional remittance transactions, ...
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