Whitepaper
  • Introducing RCO Finance
  • Market Challenges
    • I. Intermediary Involvement
    • II. Transaction Time
    • III. Complex Interface
    • IV. High Transaction Fees
    • V. Limited Liquidity
    • VI. Inaccessibility
    • VII. No Diverse Assets
    • VIII. Lack of Interoperability
  • Architecting the Solution
    • I. Decentralized Infra
    • II. Dividend Pools
    • III. Staking Pools
    • IV. DeFi Debit Card
    • V. Private ETF Funds
    • VI. Ergonomic Interface
    • VII. Wide Range of Assets
    • VIII. AMM
    • IX. Borrowing & Lending
    • X. AI-Based Copy Trading
  • AI-Powered Robo Advisor
    • Recommendations
    • Transaction Execution
    • Automated Liquidity
    • Machine Learning
    • Decision-Making Process
  • Security Integration with Fireblocks
  • Tokenomics
    • $RCOF Utilities
    • Token Allocation
    • Staking Model
    • Liquidity Providers
    • Vesting Schedule
  • Revenue Stream
  • Revenue Distribution
  • Roadmap
  • FAQs
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  1. Market Challenges

II. Transaction Time

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Last updated 7 months ago

Transactions in traditional finance can take several days to process, especially for cross-border payments. For example, international wire transfers can take anywhere from three to five business days to settle, during which time funds are inaccessible to the sender.

Here’s a simplified flow showing how traditional financial systems are burdened by intermediaries and lengthy processes.

  • “Bill.com” states that international wire transfers can take up to five business days to settle, depending on various factors such as time zones and banking systems involved

  • “Western Union” also notes that international wire transfers typically take between one and five days, with potential delays due to human error or public holidays.

Lengthy transaction time has also affected the productivity of decentralized exchanges. DEXs operate on blockchain networks, which means every transaction is recorded on-chain. This process inherently involves longer confirmation times compared to off-chain transactions.

For example, transactions on popular Ethereum DEXs like Uniswap and SushiSwap can take anywhere from 2 to 20 minutes to be processed, depending on network conditions and gas prices. During periods of high congestion, transaction times can exceed 30 minutes.

During periods of high trading activity, the number of pending transactions can increase dramatically. For example, on July 19, 2024, the average Bitcoin confirmation time reached 1,366.4 minutes (approximately 23 hours) due to congestion, illustrating how busy networks can lead to significant delays.