Finance · Financial Markets
How has blockchain technology primarily affected cross-border payments in investment banking?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It has reduced transaction transparency to satisfy structural opacity demands.
- 2It has mandated the involvement of multiple manual clearinghouses to secure the workflow.
- 3It has rendered cross-border transactions legally invalid across global jurisdictions.
- 4It has streamlined the process, reducing settlement times and operational costs through decentralized verification.✓
Correct answer
It has streamlined the process, reducing settlement times and operational costs through decentralized verification.
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