The goal of Blockchain apps in finance and Business

The complexity of the old financial process adopted by Conventional Banks over the last few years has almost been abandoned by many people because the process is long and requires a long time, not to mention the security of user data that is not guaranteed.

Blockchain is intended as an alternative to payments because it is easy to use and fast, and the costs incurred will be more efficient and more transparent data security is the choice of many people nowadays switching to DeFi (Decentralized Finance).

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In the Blockchain Business sector, it can be used to achieve company goals that want to maintain client loyalty, save budgets, and maintain trust among others because the existing system on the Blockchain has a decentralized concept. With the innovations provided by Blockchain, it can be used as a common goal to achieve a better and decentralized future.

Cryptocurrencies have had a lot of effects on economies and businesses around the world, both positive and negative cryptocurrencies are still new and many things need to be developed to have a more positive effect on society. In the business sector, cryptocurrencies can be used for short-term and long-term investments for crypto like Bitcoin, and Ethereum because they are crypto assets that are currently very expensive and many business people invest in them.

The Central Bank warns that this cryptocurrency has a negative effect and is not safe to trade, even though many people become rich in an instant because of cryptocurrency trading and managed to earn hundreds of times the profits from the initial capital. Some have lost millions of dollars and committed suicide because they lost money from cryptocurrencies a lot, the point is that all things have good and bad effects on their users.