Blockchain and Cryptocurrency: People, Culture and Tech
Australian Sen. Andrew Bragg said blockchain "may well be the solution to one-touch government with international transactions in real-time. It will eliminate our time zone problem, which has been a problem for Australia over the long run… Blockchain technology can streamline regulatory processes, reduce fraud, and reduce costs to regulatory compliance and administration."
Hodl Hodl explains that the system allows anyone to become a lender or a borrower, set their own terms and create offers, all in a simple P2P Bitcoin decentralized finance (DeFi) system with no identity checks. Furthermore, the system will be borderless—nations have no meaning—with no fiat or custody.
While some of the crypto red flags are obvious, others are very broad and could well catch legitimate investors in the net—for instance, opening an account and making a lot of transactions despite being old.
The new authorization allowed Ziglu to launch its peer-to-peer transaction service that allows users to instantly send each other money in any of the currencies supported.
