Cryptocurrencies have circulated for a while but are still plagued by scepticism. Recently, cryptos have received endorsements from high-profile advocates, and the credibility of this asset class is growing—along with its prices. What are the top cryptos, where are their prices heading, and are they worth serious investor consideration?
As a host of industry initiatives, innovative technologies and new digital forms of currency emerge, payments are rapidly evolving—with multiple routes emerging that each look likely to lead to a payment destination that is instant, 24/7/365 and fully transparent. With banks seeking to navigate this changing landscape, how is this payment destination being secured? Not with a one-size-fits-all remedy, but through a combination of developing technologies and solutions.
Thanks to key advances being made within the realm of fintech (financial technology), the term democratisation of finance has become perhaps the most important of all from a global-development perspective in recent years. But truth be told, the actual democratisation process can mean different things to different people.
It’s fair to say that 2020 has been among the most consequential years ever for the fintech (financial technology) industry. Thanks in no small part to a deadly pandemic that swept across much of the world, consumers, households and businesses alike have all had to depend on the digital world a whole lot more than at any time previously.
Middlemen. They have long played an important role in the sustained functioning and revenue-generating ability of the global finance industry. By operating as a crucial link between the providers of capital and the end-users of capital, these intermediaries have been pivotal in enabling financial and monetary systems to operate effectively.
To date, there have been several significant landmarks that have been achieved by cryptocurrency during its decade-long evolution into a legitimate asset class. US SEC (Securities and Exchange Commission) regulation, token sales and coin offerings, derivatives-market maturation and development of government and central-bank digital currencies
At the end of July, it was announced that EQUOS is set to become the US’ first publicly traded cryptocurrency exchange, with a planned “backdoor listing” on the Nasdaq before year-end, having received approval from market regulators. As part of the blockchain-powered Hong Kong-based financial-services company Diginex
The proliferation of digital currencies over the last few years has led to a rapidly growing list of use cases for tokenised assets. Thanks in no small part to the development of blockchain technology, as well as the recognition and anticipation of what cryptocurrencies
Bitcoin, now a decade old, was the first cryptocurrency to gain serious investor interest and has held its position as market leader. Although the volatile digital currency has experienced roller-coaster rides since its inception, it is popular for its attributes, such as decentralized, secure, peer-to-peer trading. And its acceptance as legal tender continues to grow. What considerations should investors keep in mind when weighing bitcoin as a possible investment asset?
New players driving fresh business models, innovative products and increased adoption of the power of big data affect not only the provision of financial services but the fundamental structures of financial markets. As the tectonic plates shift, banks need to actively seek and embrace new opportunities. For the data economy to thrive, fintechs and bigtechs to provide client choice without affecting financial stability, and for crypto-assets to provide a viable option to traditional assets, regulators must master the art of balancing innovation with regulation.