PwC ETH Gas Fees too high: PricewaterhouseCoopers (PwC) has said that the high gas fees on the Ethereum network are a major barrier to the adoption of blockchain technology. In a recent report, PwC said that the average gas fee on Ethereum is currently around $20, which is too high for many businesses and individuals to use. PwC called on Ethereum developers to find ways to reduce gas fees in order to make the network more accessible.
Siemens Digital Bond: Siemens has issued a digital bond on the Ethereum blockchain. The bond is worth €100 million and is the first of its kind to be issued by a major European company. The bond is designed to help Siemens raise capital to finance its digital transformation.
IMF Cross border Payments: The International Monetary Fund (IMF) has said that blockchain technology could be used to make cross-border payments more efficient and cheaper. In a recent report, the IMF said that blockchain could be used to create a distributed ledger of payments, which would allow banks and other financial institutions to settle payments more quickly and cheaply.
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