Fintech Ecosystem Development (NASDAQ: FEXD) Leveraging Blockchain to Ease Cross-Border Money Transfers – InvestorBrandNetwork (IBN) Content Platform

FEXD is working to develop a global financial technology ecosystem comprising a network of mobile money platforms, technologies, applications, products, and services
The company aims to use emerging technologies like blockchain, web 3.0, AI, and the metaverse to reduce costs and accelerate the processing of money transfers, loans, and other lifestyle services
Blockchain is disrupting financial institutions in new ways, creating an entirely new market and an avenue to bank the unbanked
It offers benefits such as speed, security, accessibility, transparency, and cost reductions
FEXD hopes to leverage emerging technologies like blockchain to ease the process of moving money across borders

When Satoshi Nakamoto, a mysterious figure whose identity remains unknown more than a decade later, launched Bitcoin, a digital currency built on top of a peer-to-peer network that recorded transactions by “hashing them into an ongoing chain of hash-based proof-of-work” that could not be changed “without redoing the proof-of-work” (https://ibn.fm/9rYlI), they may only have had an inkling of what they had set in motion.

But as revolutionary as the idea of a digital currency backed by a proof-of-work chain, later renamed the blockchain, appears presently, it did not immediately catch on, much like most technologies. While Satoshi published their proof-of-work white paper in 2008 and launched Bitcoin at the beginning of the…