The Role of Crypto in the Fintech Industry and the Wider Economy

The Role of Crypto in the Fintech Industry and the Wider Economy
Crypto currencies are more and more popular. Investing on them might face many unconventional risks. eamesBot/ShutterStock
Updated:

Over the past couple of years, modern society has witnessed the increasing prevalence and adoption of Blockchain technology. However, for the Padawans out there who think of the Blockchain as a network of nano-bots ready to overtake humanity, the Blockchain is basically just a set of code that records events, and each record is unalterable.

These resources could be anything from storage space to a ledger of peer-to-peer cryptographic transactions without the need for a financial institution acting as the middleman.

The Fintech Connection

But where does the Fintech connection arise? In an industry that relies so heavily on calculations and analysis, Blockchain is a critical driver of efficiency and effectiveness.
ReadWrite
ReadWrite
Author
ReadWrite aggregates professional communities dedicated to specific subjects of interest such as connected cars, smart homes, AR/VR, fintech, and APIs. https://readwrite.com/
Related Topics