How Blockchain Can Help the Forex Market

This can mean a lot of different things: use by banking systems, more applications in everyday transactions, and so on. But it can also be tied to the potential for blockchain technology to be applied to investment markets. This is something that is already being discussed fairly commonly with regard to forex trading. In fact, it's even being implemented. Last October, Yahoo Finance wrote a story about the mutual fund giant Vanguard Group partnering with tech providers to produce a blockchain-based peer-to-peer currency trading network.

With these kinds of options starting to emerge, it's worth considering how specifically the blockchain can help the forex market. The following are a few potential benefits that come to mind.

Lower Fees

The headline benefit for providers offering blockchain-based forex trading is likely to be the lack of fees. On their own...