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⍰ ASK How did the concept of smart contracts impact electronic payments on blockchain platforms in the United States?

Smart contracts made a big difference in how we make electronic payments in the United States. They're like self-executing agreements with rules written in code, making payments faster and more efficient. With smart contracts, we can do things like automatic payroll and subscription payments without needing middlemen. This helps reduce mistakes and fraud, making electronic payments safer and cheaper than before.

These contracts also allow for conditional payments, meaning transactions only happen when certain conditions are met. This adds extra trust and security, especially for payments between different countries.
 

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