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Cryptopolitan 2023-07-22 21:33:00

How Are Bitcoin System of Transactions Qualified From An Islamic Finance Perspective?

Internet transactions heavily rely on financial institutions acting as trusted third parties to process electronic payments. While this system works for most transactions, it has inherent weaknesses due to its reliance on trust. Completely non-reversible transactions are not feasible, as financial institutions must mediate disputes. Mediation increases transaction costs, limits minimum transaction sizes, and hampers ... Read more

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