The document discusses how cryptocurrency and blockchain technology have the potential to revolutionize the financial services industry. It explains that blockchain provides transparency, security, efficiency and cost savings. While cryptocurrencies currently face challenges as a currency due to volatility and limited acceptance, blockchain technology could significantly impact transaction speed, traceability and costs if widely adopted. The role of banks may also change as smaller innovative players challenge large banks through peer-to-peer services and technologies like blockchain.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
Blockchain Impact in Financial Sector Research by Artivatic.aiArtivatic.ai
Blockchain is the hot & most important new age technology that is going to disrupt the decentralization among the enterprises for information exchange, transaction and storing the information in most secure and safe way. Decentralized technology is going to change the way businesses are done in the future. Its the future of technology. Do read some research insights from Artivatic.ai team for the Blockchain industry.
An Introduction into Cryptocurrencies_ Understanding the Future of Digital Cu...Niall O'Riordan
Cryptocurrencies have revolutionised the world of finance, offering a digital alternative to traditional forms of currency. But what exactly are cryptocurrencies and how do they work?
Huincoin white paper:here are everything you want to know about huincoinNpack Machinery
Huincoin white paper:here are everything you want to know about huincoin
Huincoin
Huincoin is a global leader in the blockchain revolution.
We operate the premier U.S.-based blockchain trading platform, which is designed for customers who demand lightning-fast trade execution, dependable digital wallets, and industry-leading security practices.
Blockchain Incubators
We believe in the potential of blockchain and its ability to provide groundbreaking solutions.
To promote innovation in the industry, we are working with teams around the world to advance new, inventive tokens that could potentially transform the way goods, services and operations are managed globally.
ABOUT HUINCOIN
Founded in 2017 by three cybersecurity engineers, Huincoin is the premier U.S.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change.
What impact might cryptocurrency and blockchain have on the future.pdfMary Gathege
The Blockchain Ecosystem: The Most Important Breakthrough Of Your Lifetime
What is the Blockchain Ecosystem and why is it important?
Get a big picture overview of this mega-trend and learn how to position yourself for maximum profits.
Click here to learn more.https://bit.ly/3lnxp89
Cryptocurrency: Revolutionizing the Financial Landscapecyberprosocial
Cryptocurrency, a decentralized digital currency based on blockchain technology, has emerged as a transformative force in the world of finance. As we delve into this revolutionary phenomenon, we explore its origins, the underlying blockchain technology, its impact on traditional finance, and the challenges and opportunities it presents.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
Blockchain Impact in Financial Sector Research by Artivatic.aiArtivatic.ai
Blockchain is the hot & most important new age technology that is going to disrupt the decentralization among the enterprises for information exchange, transaction and storing the information in most secure and safe way. Decentralized technology is going to change the way businesses are done in the future. Its the future of technology. Do read some research insights from Artivatic.ai team for the Blockchain industry.
An Introduction into Cryptocurrencies_ Understanding the Future of Digital Cu...Niall O'Riordan
Cryptocurrencies have revolutionised the world of finance, offering a digital alternative to traditional forms of currency. But what exactly are cryptocurrencies and how do they work?
Huincoin white paper:here are everything you want to know about huincoinNpack Machinery
Huincoin white paper:here are everything you want to know about huincoin
Huincoin
Huincoin is a global leader in the blockchain revolution.
We operate the premier U.S.-based blockchain trading platform, which is designed for customers who demand lightning-fast trade execution, dependable digital wallets, and industry-leading security practices.
Blockchain Incubators
We believe in the potential of blockchain and its ability to provide groundbreaking solutions.
To promote innovation in the industry, we are working with teams around the world to advance new, inventive tokens that could potentially transform the way goods, services and operations are managed globally.
ABOUT HUINCOIN
Founded in 2017 by three cybersecurity engineers, Huincoin is the premier U.S.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change.
What impact might cryptocurrency and blockchain have on the future.pdfMary Gathege
The Blockchain Ecosystem: The Most Important Breakthrough Of Your Lifetime
What is the Blockchain Ecosystem and why is it important?
Get a big picture overview of this mega-trend and learn how to position yourself for maximum profits.
Click here to learn more.https://bit.ly/3lnxp89
Cryptocurrency: Revolutionizing the Financial Landscapecyberprosocial
Cryptocurrency, a decentralized digital currency based on blockchain technology, has emerged as a transformative force in the world of finance. As we delve into this revolutionary phenomenon, we explore its origins, the underlying blockchain technology, its impact on traditional finance, and the challenges and opportunities it presents.
Global trade of goods has been growing at double-digit rates since the early 2000s. Digitzation had its time; but still we have manual paper based work exsisitng in most of the Trade finance activities. Now is the time to see value addition from Blockchain based platforms and how they can make this process faster, reliable and paperless.
What is the scope of blockchain in finance w.r.t downfall of cryptos Blockchain Council
Cryptocurrencies have had an eventful week with the anticipation of the Bitcoin Cash chain split plunging the market into new lows for 2018. The sudden fall in cryptocurrencies has led several people to question the future of blockchain technology in the world of finance.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Cryptocurrency, a digital form of currency that uses cryptography to secure transactions and the creation of new units, has exploded in popularity and has disrupted traditional financial systems. As cryptocurrency continues to evolve and shape the way we conduct financial transactions and investments. The future of cryptocurrency holds promise and intrigue. In this article, we will look at various predictions and trends that are likely to shape cryptocurrency's future.
1. Cryptocurrency: A Brief Overview
Before we get into predictions and trends, let's take a quick look at cryptocurrency. Cryptocurrency is a type of digital or virtual currency that is secured with cryptography. Cryptocurrencies, unlike traditional currencies issued by governments and central banks, operate on a decentralized network based on blockchain technology.
Blockchain is a distributed ledger that records all transactions across a computer network. It ensures transaction records are transparent, secure, and immutable. Bitcoin, the first and most well-known cryptocurrency, was created in 2009 by an anonymous entity known as Satoshi Nakamoto. Since then, thousands of alternative cryptocurrencies, also known as altcoins, have been created.
2. Predictions for the Future of Cryptocurrency
A. Increased Mainstream Adoption
A recurring theme in the cryptocurrency space is the prediction of increased mainstream adoption. Adoption of cryptocurrency is expected to skyrocket as more individuals and institutions recognize its potential benefits. Major corporations and financial institutions are incorporating cryptocurrency into their operations and payment systems, paving the way for wider adoption.
Companies such as Tesla, Square, and PayPal have already made large investments in Bitcoin and other cryptocurrencies, indicating a shift toward accepting digital assets as a legitimate form of payment. This trend is expected to continue, with more companies incorporating cryptocurrencies into their financial plans.
B. Regulatory Developments
Regulatory changes are an important aspect of the cryptocurrency landscape. Governments and regulatory bodies all over the world are closely monitoring and adapting their regulatory frameworks to accommodate cryptocurrency's growing presence. Clearer regulations are expected, providing users, investors, and businesses with a stable and secure environment.
Countries such as El Salvador have taken the bold step of recognizing Bitcoin as legal tender, setting a precedent for other countries to follow. However, the regulatory landscape is still changing, and striking the right balance between innovation and regulation remains difficult.
C. Integration of Decentralized Finance (DeFi)
Another extremely promising prediction is the rise of DeFi. DeFi's goal is to use blockchain technology to recreate traditional financial systems, allowing for decentralized lending, borrowing, trading, and more. This method provides greater financial inclusion because anyone wi
Evaluating the potential of blockchain technology to radically transform business
[Feel free to download the presentation if you'd like to view it offline]
CBDCs are essentially digital versions of fiat currency designed to function as legal tender and regulated by a country’s central bank. CBDCs aim to streamline payment systems, reduce dependency on physical cash, enhance financial inclusion, and preserve monetary policy’s effectiveness
What is happening with the Crypto Market. Could it be than course correction or is the bubble busting on the market? You need to answer it for yourself.
Entrepreneurial Venture with White Label Cryptocurrency Exchange SolutionsHashCash Consultants
The skyrocketing adoption of cryptocurrency makes the
markets conducive to entrepreneurial ventures utilizing
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“As a layperson -let us understand- cryptocurrency and how it works.pdfRAVI TIKU
All of us listen so much about the cryptocurrency and its usage being done for the various transactions, but we still don’t know the basics of this currency and how it is transacted, and under which regulatory board or exchange their indices are maintained. I thought let us discuss the simple basics of the same and try to understand what exactly it is and how it affects the transactional market internationally.
Blockchain beyond fintech by ridgelift.ioUdayan Modhe
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Visa moves to allow payment settlements using cryptocurrency.Blockchain Council
If we have to name the most revolutionary change in the world of technology in recent years, then you have to count cryptocurrency and Blockchain in the list. Bitcoin is the pioneering cryptocurrency in this domain. It highlighted the fact that transactions can take place without third-party intervention, and you can have faster transactions using a decentralized platform that guarantees complete security of data. Although cryptocurrency exchange does have its set of apprehensions surrounding its sustenance, in the long run, we have to agree to the fact that it has opened a new gateway of opportunities for a new phase of the digital financial revolution.
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Global trade of goods has been growing at double-digit rates since the early 2000s. Digitzation had its time; but still we have manual paper based work exsisitng in most of the Trade finance activities. Now is the time to see value addition from Blockchain based platforms and how they can make this process faster, reliable and paperless.
What is the scope of blockchain in finance w.r.t downfall of cryptos Blockchain Council
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Cryptocurrency, a digital form of currency that uses cryptography to secure transactions and the creation of new units, has exploded in popularity and has disrupted traditional financial systems. As cryptocurrency continues to evolve and shape the way we conduct financial transactions and investments. The future of cryptocurrency holds promise and intrigue. In this article, we will look at various predictions and trends that are likely to shape cryptocurrency's future.
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Blockchain is a distributed ledger that records all transactions across a computer network. It ensures transaction records are transparent, secure, and immutable. Bitcoin, the first and most well-known cryptocurrency, was created in 2009 by an anonymous entity known as Satoshi Nakamoto. Since then, thousands of alternative cryptocurrencies, also known as altcoins, have been created.
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A recurring theme in the cryptocurrency space is the prediction of increased mainstream adoption. Adoption of cryptocurrency is expected to skyrocket as more individuals and institutions recognize its potential benefits. Major corporations and financial institutions are incorporating cryptocurrency into their operations and payment systems, paving the way for wider adoption.
Companies such as Tesla, Square, and PayPal have already made large investments in Bitcoin and other cryptocurrencies, indicating a shift toward accepting digital assets as a legitimate form of payment. This trend is expected to continue, with more companies incorporating cryptocurrencies into their financial plans.
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CBDCs are essentially digital versions of fiat currency designed to function as legal tender and regulated by a country’s central bank. CBDCs aim to streamline payment systems, reduce dependency on physical cash, enhance financial inclusion, and preserve monetary policy’s effectiveness
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CRYPTOCURRENCY TO REVOLUTIONIZE FINANCIAL SERVICE INDUSTRY.pptx
1.
2. CRYPTOCURRENCY TO REVOLUTIONIZE FINANCIAL SERVICE INDUSTRY
Many people have been surprised by the spike in interest in crypto-assets. India is projected to have over ten million bitcoin
users, with the number rapidly rising. The task is challenging and hard for a wider audience seeking to comprehend this new
world and its lingo. This article aims to shed light on a few topics that have received a lot of attention recently: blockchain, a
disruptive technology on which these assets are built; the role and adoption of crypto assets for payments; and, finally, the
emergence of crypto-assets as a distinct asset class.
Blockchain: A Disruptive Technology
Blockchain, a distributed ledger system, has evolved as one of the most revolutionary and pervasive technologies of our time
over the previous decade. Simply said, blockchain is a distributed network of different users sharing an encrypted digital
database. When a transaction takes place on the blockchain, it is broadcast to all network participants, resulting in an
unchangeable transaction record. Because it provides a platform that enables better transparency, enhanced security,
operating efficiency, and cost savings, this one single attribute has the capacity and potential to revolutionize financial
services. It's an unmatched combination for the future of financial services platforms.
Read More :- https://www.pukkapartners.com/insight/cryptocurrency-to-revolutionize-financial-service-industry
3. The underlying technology base on which cryptocurrencies are constructed is known as blockchain. There are around 4,000
cryptocurrencies in circulation, with Bitcoin and Ether being the most popular. Ethereum is a digital software platform that uses the
same blockchain technology as Bitcoin, but goes a step further by utilizing tamper-proof and autonomous contracts, as well as its own
cryptocurrency, Ether. The more adaptable nature of Ethereum, according to most crypto analysts, is expected to lead to much more
adoption and usability of the Ethereum platform in the years to come.
The impact on financial services organizations will be more gradual if bitcoins become an asset class. This is because we believe their
future success will be heavily reliant on global regulators and policymakers working together to control and boost market participants'
confidence in these instruments. More crucially, we believe that blockchain technology, which underpins cryptocurrencies and allows
for the establishment of a shared digital transaction ledger, might be a good disruptor for a variety of financial value chains.
Blockchain might have a significant and long-term influence on the speed, traceability, and cost of financial transactions if broadly
used.
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4. A Speculative Bet
Cryptocurrencies, in our opinion, do not meet the basic two requirements of a currency: they are an effective means of trade
and a useful store of value. To begin with, cryptocurrencies are still not generally accepted as payment instruments, despite
the fact that the number of businesses accepting them has grown in recent years. Second, the fluctuation in the pricing of
several cryptocurrencies and their market cap over the last 12 months is the most compelling evidence that they fail the value
storage test.
Bitcoin is the oldest and most well-known cryptocurrency, having evolved as a decentralized peer-to-peer payment tool in the
aftermath of the global financial crisis. By removing intermediaries like banks and central banks from the equation and relying
on end users' own networks, it aimed to restore the payment system's confidence. Bitcoin was created to be used as a means
of payment for transactions, but its reputation was tarnished when it was linked to unlawful activity.
The acid test for digital payments
Every day, billions of transactions and payments are made digitally by banks, e-wallets, insurance and asset management firms,
and other financial institutions. Will cryptocurrencies be considered a far-reaching and frequently utilized payment mechanism in
the future? This is a question that many people ask. In some places of the world, this is already the case.
5. The Bubble of Cryptocurrency
Rather from being an asset class or a currency, cryptocurrency is more akin to a speculative instrument. We believe that the
current version exhibits many of the hallmarks of a classic bubble, primarily for three reasons:
The oldest cryptocurrency (Bitcoin) has a restricted supply of 21 million coins, with approximately 16.9 million already in
circulation. Although one may argue that an endless number of cryptocurrencies could be generated, we believe that this
process will take time since these currencies must earn their trust. As a result, the top ten cryptocurrencies account for nearly
80% of their total market capitalization.
The value of cryptocurrencies has a very high level of volatility. The market capitalization of cryptocurrencies has surged 33 times
in the last year, from $17 billion to $579 billion on January 28, 2018, compared to a 1.4X gain from 2014 to 2016. The market cap
fell by roughly $185 billion in the first ten days of February 2018, hitting $394 billion. The crackdown in some nations, including
China and South Korea, is said to have aided this.
Finally, cryptocurrencies lack the support of cash flows or a trustworthy central issuer, both of which would provide intrinsic
value. Rather, market perception/sentiment determines their value.
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6. Non-Bank Financial Institutions Could Benefit
Non-bank financial firms are both more adept and more vulnerable to the growth of cryptocurrencies and bitcoin as a new
instrument since they have more flexibility than banks. From a commercial standpoint, the growth of Initial Coin Offerings has
had an impact on investment banks and stock exchanges all over the world (ICOs). ICOs allow companies to raise funds to fund,
in most cases, start-ups at an early stage of development. The traditional, standardized capital-raising procedure, which often
needs coordination between underwriters, investment banks, and regulators, provides some revenue protection to non-bank
financial organizations, notably financial market infrastructure (FMI) companies. The uncontrolled nature of cryptocurrencies
and initial coin offerings (ICOs) could jeopardize this.
Blockchain Could Be a Beneficial Disruptor
Whether or not cryptocurrencies take off, we believe the role of banks in the payment industry will alter dramatically in the next
decade. Some market participants are questioning the benefits of blockchain, claiming that the technology was developed a
decade ago and has yet to have a significant impact on the financial system. Nonetheless, we believe that, as a result of this
technology and the expansion of other peer-to-peer services, smaller and more inventive market players will have greater
opportunity to challenge big banking organizations' present product offerings.
View For More Insights :- https://www.pukkapartners.com
7. Will Banks Need Branches in the Future?
While most conventional Asian banks are scrambling to digitize and reduce their physical footprints, we believe that branches
will continue to play an important role. The rate of change affecting branch networks, on the other hand, differs significantly
by country and bank, and in certain circumstances is rather spectacular. In Thailand, for example, Siam Commercial Bank Public
Co. Ltd. has set aggressive goals to reduce its branch and employee count as part of its transition to a digital strategy.
Traditional banks are burdened by legacy infrastructure and systems, which include a large amount of operations handled
through physical locations. They are typically totally digital from start to finish, from the front-end customer experience
through back-office processes.
View For More Insights :- https://www.pukkapartners.com
8. How We Are :-
Pukka Partners provide customized intelligence solutions to C-
suite executives and functional growth leaders, along with other
key offerings including market & competitive intelligence,
management & strategy consulting, pre-investment advisory,
real-time business intelligence, and data analytics services
across sectors, globally and locally, on new & emerging
markets and disruptive technologies.
We offer advisory and actionable insights around public
policies, investment tracking along with the obstacles faced by
investors, innovation and strategy impact monitoring,
identification of industry potential, and technology mapping
through comprehensive and standardized research
methodology and tools. We deploy our solutions to solve
prioritized and critical business challenges by leveraging our in-
house expertise and continuous engagement with industry
thought leaders in the business ecosystem.
Contact Us:- engage@pukkapartners.com
https://www.pukkapartners.com