Скачать или смотреть How Will Instant Settlement Affect Financial Services?

In this video, we delve into the transformative potential of blockchain technology in the realm of financial transactions, particularly focusing on the concept of instant settlement. Unlike traditional finance, where transactions can take days to settle, blockchain enables immediate settlement of various assets, including stablecoins, securities, and crypto assets.

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We explore how instant settlement can revolutionize cash flow management for both individuals and businesses. For example, a person receiving their paycheck on Friday can immediately access and use their funds, rather than waiting until the following week. Similarly, a coffee shop that sells a cup of coffee on Friday can have the funds in their account instantly, allowing them to manage their finances more effectively.

The implications of instant settlement extend to larger companies as well, where saving a few days in transaction times can have significant financial impacts. We also discuss how this technology could affect financial professionals and their clients, potentially leading to increased revenues and profits for companies, and enabling real-time portfolio rebalancing.

Moreover, we touch on the issues of traditional settlement times, such as T+2 or T+3, and how blockchain's instant settlement could have mitigated problems experienced during events like the GameStop and AMC short squeezes. We also mention the FedNow service, which aims to provide immediate dollar transaction settlements, but still operates within traditional banking frameworks.

The episode emphasizes the importance of self-custody and wallet technology in blockchain, which grants individuals full control over their assets, eliminating the need for verification between banks and allowing for transparent, public network transactions.

In conclusion, we highlight the significant role instant settlement via blockchain could play in the global financial system, reshaping the financial services industry, and altering the way financial professionals engage with their clients.