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Bitcoin uses which technology?
NEFT
RTGS
UPI
IMPS
Blockchain
- Option 1: NEFT
- NEFT stands for National Electronic Funds Transfer.
- It's used in India for transferring funds between banks.
- Option 2: RTGS
- RTGS stands for Real Time Gross Settlement.
- This method is used for transferring large sums of money instantly within a country.
- Option 3: UPI
- UPI means Unified Payments Interface.
- It allows instant money transfers in India with a mobile number or QR code.
- Option 4: IMPS
- IMPS stands for Immediate Payment Service.
- Offers instant 24/7 interbank electronic funds transfer in India.
- Option 5: Blockchain
- Blockchain is the technology behind Bitcoin.
- It's a decentralized ledger that records all transactions in a secure and transparent way.
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