Supply Chain Finance refers to financial solutions that optimize cash flow and inventory management in supply chains, enhancing liquidity for all parties involved. In traditional setups, suppliers can face delays in receiving payments, which can be mitigated through financing options.Incorporating blockchain technology enables secure and transparent transactions, allowing real-time tracking of payments and goods. Smart contracts can automate processes, ensuring that payments are released upon successful delivery of goods. This reduces reliance on intermediaries, lowering costs and speeding up financing.Cryptocurrencies can also be used for cross-border payments, eliminating the need for currency conversions and reducing transaction fees. By utilizing decentralized platforms, businesses can streamline financing without compromising security and efficiency.Overall, Supply Chain Finance in this space aims to improve financial flow, reduce risks, and ensure that all stakeholders—from suppliers to manufacturers—benefit from quicker access to capital, resulting in a more resilient supply chain.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes