The benefits of web3 include:
Reduced Fees: Web3 reduces the cost of transactions by focusing on frictionless movement of money. This will increase the liquidity of the market, encouraging more businesses to use it.Faster Movement of Money: With web3, transactions will be faster and easier to conduct. This will reduce the time it takes for money to reach its destination, which will help reduce the fees paid by businesses.Cross Border Payments and Remittances: With web3, businesses can easily and quickly send money to other businesses across the globe. This will help reduce the time it takes to make payments, which will help reduce the fees paid by businesses.
Overall, web3 is a powerful technology that has the potential to change the payments industry for the better.