Near-real-time payments refer to financial transactions that process and settle almost instantaneously, with minimal delay between initiation and finality. While not strictly instantaneous, the settlement occurs within seconds or a few minutes, significantly faster than traditional banking systems. This speed is a primary advantage offered by many blockchain networks. It greatly improves efficiency for various financial operations.
Context
News often highlights the adoption of blockchain technology for near-real-time payments, particularly in cross-border remittances and wholesale transactions. The ability to achieve rapid settlement is a key differentiator for digital currencies compared to legacy financial infrastructure. Regulatory frameworks are progressively adapting to accommodate the operational speed of these payment systems.
The DLT-powered GCUL integration provides a regulated, near-real-time settlement layer, optimizing capital efficiency and mitigating counterparty risk.
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