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September 5, 2025Open Access

Role of Blockchain in Finance

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Blockchain enhances efficiency and transparency in finance, potentially lowering transaction costs.
About 91% of surveyed central banks are exploring central bank digital currencies (CBDCs), reflecting significant adoption.
Integration of blockchain in finance faces challenges including interoperability and regulatory clarity.
The global average remittance cost exceeds 4%, showing a gap that blockchain could help bridge.

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This report reveals blockchain's impact on payments and remittances, highlighting its potential and emerging challenges.

Pratyush Mehta (2025) studied this question.

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