Zhao Changpeng suggested to Musk to use blockchain technology to replace traditional paper tickets

2025-02-17 20:32:14

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ChainCatcher message, Musk retweeted the data from the U.S. government's efficiency department (DOGE) showing that the U.S. Treasury processed a total of 116 million paper checks in fiscal year 2024, while in fiscal year 2023, approximately $25 billion in tax refunds were delayed or lost due to checks being returned or expired.

The data shows that the physical lockbox network currently maintained by the Treasury is used to collect related checks for taxes (IRS), passports (State Department), etc., with a maintenance cost of about $2.4 per check. Eliminating paper checks could save at least $750 million annually.

In response, Zhao Changpeng briefly replied to Musk: "blockchain…", suggesting that blockchain technology could potentially solve such issues.

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