FIt is clear that with fintech money transfer platforms, speed and compliance are no longer an issue for customers at various points of verification, whether at account creation, sign-in, or other in-app activities that may require authentication. This shift, driven by technological innovations in the fintech space, is what’s led to the move from bank counters to phones, allowing users to access cross-border money transfer services and complete transactions within minutes from wherever they are at the time.
Source: bitcoinfoundation.org