FinTech is changing the way people buy, sell and exchange money, but it is also changing the world at large.
For example, in the past, financial intermediaries like banks and other financial institutions relied on a single platform to manage their business.
With the advent of blockchain, we are witnessing a shift in the way we transact, what we buy and how much we invest.
What is blockchain?
“Blockchain” is a new technology that aims to make financial transactions more secure, transparent and free from the constraints of central banks, financial regulators and other intermediaries.
Blockchain has been adopted in a wide variety of industries, including healthcare, insurance, real estate, education, and financial services.
The blockchain technology is often used as a tool for payment and record-keeping, but its application has expanded to include many other areas of life, including payments for goods and services, financial accounting, taxation, insurance and taxation.
Why blockchain is the future of finance?
Blockchains have a number of important applications in the financial services industry, and blockchain is one of the most promising technology that is taking advantage of this opportunity.
With blockchain, financial institutions have the ability to transact with each other at scale, bypassing the middlemen, and to record and track transactions, which allows them to avoid any type of tax, accounting, or legal restrictions.
The rise of blockchain has seen a surge in interest in the sector, and the financial industry is seeing a huge demand for blockchain applications.
“A lot of people who work in financial services are very excited about it,” says Dan Belsky, head of financial technology at the US-based consulting firm Gartner.
“It’s a big opportunity.
The world is changing so rapidly.”
Why is the blockchain so powerful?
For years, financial technology companies have relied on the legacy financial systems of the past.
However, as blockchain has evolved, many companies have adopted the technology to build their own applications, which are built on the blockchain’s technology.
Some of these applications include trading platforms, digital assets and other digital assets, and payment processors.
At the same time, some of the companies that are pioneering the use of blockchain are also exploring new areas of business, such as insurance and asset management.
These developments are a boon for companies looking to diversify their businesses and provide a new way of doing business.
Who are the biggest players in the finance industry?
There are numerous financial services companies around the world, but many are still relatively new to the scene.
In fact, there are several large financial companies that have gone public, and their financial results have been impressive.
Most recently, in December, American Express (NYSE:AXP) announced that it was now the largest financial services company in the world with more than $3.5 trillion in assets under management.
The company’s stock value has climbed over 400% in the last five years.
American Express has a global network of more than 200 financial institutions, including its financial services division, USAA (NYSE