So why aren’t companies and individuals moving their transactions on-chain, then? They are, but slowly. An entire ecosystem of financial services is emerging on-chain, including companies like Franklin that can handle payroll in both on-chain and off-chain environments, and at lower costs than traditional providers. The effects of inertia are even larger in the business space than with consumers, and blockchains still lack key features like robust levels of regulatory compliance, mature fraud prevention analytics, and importantly, privacy.
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