Founder of Empire Financial Research: Blockchain technology has clear advantages in cross-border transfers

According to AMBCrypto, Whitney Tilson, the founder of Empire Financial Research, noted that blockchain technology clearly has some valuable applications being used by large banks. The global financial system is inefficient, transferring funds to another country takes only three days, and users pay 7% for this. "People might consider using bitcoin in this case because it is the only option and sovereign currencies are a complete disaster in this regard. But I don't think this means that the dollar will be replaced soon.