W3S group logo
LONDON, UNITED KINGDOM, February 7, 2023 /EINPresswire.com/ — A new era of finance is on the horizon, as blockchain technology offers significant improvements over traditional payment methods, including Automated Clearing House (ACH) transactions. Blockchain technology’s decentralised and secure nature is set to revolutionise the financial industry, offering users increased security, transparency, and efficiency.
Security: Blockchain technology provides a high level of security through its decentralised architecture, with transactions validated and processed through a network of nodes. This eliminates the risk of fraud or cyber-attacks, providing users with peace of mind.
Transparency: The permanent and public ledger of all blockchain transactions offers greater transparency, allowing users to track the movement of funds easily. This reduces the risk of mismanagement or corruption, ensuring a more reliable and trustworthy financial system.
Efficiency: Blockchain technology enables real-time processing of transactions, reducing the time and costs associated with traditional financial services. With no intermediary fees to pay, users can transfer funds across borders in real time, providing a more efficient alternative to traditional financial services.
The W3S group is collaborating with a DeFi platform and family offices to enhance the efficiency and transparency of investment settlements. This aims to reduce settlement costs and help family offices attain their target annual growth rate of 4% above inflation. DeFi (Decentralized Finance) is a new financial system built on blockchain technology, offering a more secure and transparent alternative to traditional financial systems. By leveraging the benefits of DeFi, the W3S group and its partners hope to streamline investment processes and deliver better returns for family offices.
In conclusion, blockchain technology offers numerous benefits over traditional payment rails, providing users with a more secure, efficient, and accessible financial system. By utilising blockchain technology, payment providers can create a new era of finance that benefits users globally.
Jonathan Pullinger
W3S Group
email us here
