Deputy Prime Minister of Singapore: blockchain technology helps improve cross-border wholesale transactions

Updated 2 hours ago (GMT + 8)
· EqualOcean

[Deputy Prime Minister of Singapore: blockchain technology helps improve cross-border wholesale transactions] On June 25, Vice Prime Minister and Minister of economic policy coordination of Singapore, Wang Ruijie, said that the cryptocurrency market has suffered market shocks recently, but the blockchain technology related to cryptocurrency still has great development potential, which helps to improve efficiency and convenience of cross-border transactions and reduce transaction costs. Cryptocurrency assets have recently become the focus due to many negative news. However, this does not reflect the maximum value of blockchain and digital assets. Taking cryptocurrencies as an example, their prices may be very unstable and affected by speculation, so they are not suitable for retail investment. However, the blockchain technology of cryptocurrency may improve cross-border wholesale transactions. (Lianhe Zaobao)

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