Conventional banking infrastructure needs significant upgrades, and blockchain is the best solution, says the HashCash CEO.
PALO ALTO, Calif., April 19, 2022 /PRNewswire-PRWeb/ — HashCash CEO and eminent blockchain pioneer Raj Chowdhury expressed his views on the need for an upgrade in existing banking infrastructure to keep pace with the rapid fintech progress, presenting a strong point for blockchain incorporation across the entire system.
The fintech industry has advanced leaps and bounds within a short timespan embracing new technologies and revolutionizing the entire conventional landscape. Competitive pricing, digitalization, improved UI/UX- a notable portion of the improvements are occurring at the front-end. However, true holistic transformation can only be achieved through an evolution of the core financial system and the adoption of newer technologies like blockchain.
The HashCash chief expressed his views on the matter, stating, “The traditional universal banking model offering all-in-one services has seen an alternative with separate fintech …
