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⍰ ASK how did the concept of decentralized identity networks impact the interoperability of electronic payment systems in the U.S.?

Decentralized identity networks in the U.S. made electronic payments smoother by letting users handle their identity without relying on one central authority. This made it easier for different payment systems to work together. Users could use the same decentralized identity across different platforms, making transactions simpler and improving compatibility between electronic payment systems. This move towards decentralized identity meant less dependence on one entity for user verification.

It made the electronic payment system in the U.S. more connected and efficient. Overall, decentralized identity networks simplified processes, improved user experience, and helped different electronic payment systems work together better.
 

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