Crypto adds efficiency to global trade and financing, says Bequant exec By Cointelegraph

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Crypto adds efficiency to global trade and financing, says Bequant exec

Published Mar 01, 2022 08:57AM ET Updated Mar 01, 2022 09:20PM ET

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Crypto adds efficiency to global trade and financing, says Bequant exec

Global trade and financing suffer from inefficiencies because of traditional infrastructures. However, according to Martha Reyes, the head of research at Bequant, crypto can fix this issue.

In an interview with Cointelegraph, Reyes shared her thoughts on the state of global trade and financing and how crypto makes this more efficient. According to Reyes, despite the growth and magnitude of global trade, areas like remittance payments still suffer from the number of intermediaries that transactions have to go through. This leads to lengthy transaction times. Reyes notes that legacy systems for cross-border payments make global trade a “prime candidate” for blockchain technology adoption.

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