With existing banking infrastructure, it can take up to a week for a cross-border payments to validate and settle. It’s what consumers and businesses have grown accustomed to for decades, but it doesn’t have to be the norm moving forward.
The rise of blockchain technology offers a means of transferring money, contracts, and files from Point A to B in a significantly shorter time frame and with considerably lower costs. More importantly, blockchain technology can democratize finance by opening doors to those who currently lack access to basic financial services.
Ideally, the best blockchain projects and networks are the ones that investors should reward. But it doesn’t always work out this way.
Shiba Inu is soaring, but it lacks real-world appeal
Since its debut in August 2020, meme coin Shiba Inu (CRYPTO:SHIB) has blazed to historic gains. Through late evening Nov. 13, 2021, SHIB tokens had gained approximately 10,600,000%. Put another way, if you had invested $10 into SHIB on Day 1, you’d be a millionaire today.
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