“…According to many scholars and organizations, blockchain insure various opportunities for banking sector such as; reducing costs, security, better KYC, speed of cross-border remittances, transparency, and reducing fraud. (Ullah et al, 2022;Ahluwalia et al, 2020;Accenture, 2018;Bank editorial team, 2018;Nelito, 2018;Krause et al, 2016;FinTech Network;Hassani et al, 2018;Meola, 2017) conclude that using blockchain in banking efficiently could reduce costs such as; money transfer costs, operational costs, KYC costs. It also can enhance security (Garcia, 2018;Business Insider Intelligence, 2017;Nelito, 2018;Guo et al, 2016;Weerawarna et al, 2023;.…”