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How Local Businesses Could Benefit from Adopting Blockchain-Based Settlement Tools
['Maggie Jackson']
The Acorn
Local businesses considering its use should therefore consider what exactly blockchain-based settlement tools can do for them and whether their supposed benefits would outweigh the potential costs.
How Do Blockchain-Based Settlement Tools Work?
Before considering whether it would make sense for a given business to adopt blockchain-based settlement tools, it is worth getting at least a basic idea of what these tools are and how they work.
This is because many blockchain-based settlement tools automatically convert currencies to whatever a given business uses.
In the case of blockchain-based settlement tools, stablecoins act as a kind of intermediary currency to facilitate business transactions.