Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




Impact of cryptocurrency on economy: How Crypto Is Disrupting the Financial Sector
  • 3 Vote(s) - 3.33 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: Impact-of-cryptocurrency-on-economy.jpg]
A lot of has been written about cryptocurrencies. Still, less than than 1% of the world population has ever used a cryptocurrency, according to a 2017 study conducted 97 by Cambridge University. With the slow growth rate, digital currencies continue to make inroads into the society and transform the way we conduct business. The world of money and the financial ecosystem is undergoing major transformation before our eyes.

While cryptocurrency is slowly gaining mainstream adoption, Blockchain, the underlying technology behind cyrptocurrency, may offer more potential and unlock billions of dollars in new markets. According to a report from a research analyst at the Royal Bank of Canada (RBC), crypto and blockchain technology could unlock $10 trillion market. 

A lot has been written about blockchain technology. In a simple term, blockchain is a special type of a distributed ledger database. A distributed ledger is simply a database that exists across several locations or among multiple participants. A distributed ledger system allows organization of any chain of records or transactions without the need of intermediaries.

Blockchain technology is changing the world of finance and giving us a tool that could potentially transform global law, commerce, and politics. And the danger it presents? Well, that lies mostly in the fact that cryptocurrencies aren’t well-regulated, which is bound to change as governments implement new measures to protect their financial systems.


The convergence of these two technologies is already impacting in our sociaty and the financial ecosystem. The folks at fortunly.com has put together a detailed infographic on how crypto is disrupting the financial ecosystem. The infographic includes a brief introduction, overview, covers the trends, has a quick history and answers who’s who.

[Image: How-crypto-is-disrupting-financial-system.png]



Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  What Could Trigger the Next Cryptocurrency Alt Season? crytocure 0 19 6 hours ago
Last Post: crytocure
  Crypto Market Leaders Share Their Worst Banking Experiences crytocure 0 16 Yesterday, 03:06 PM
Last Post: crytocure
  How to Make Money with Bitcoin: 10 Ways to Earn Cryptocurrency crytocure 0 62 16-11-2019, 03:35 PM
Last Post: crytocure
  What Powers China’s Crypto Mining Industry, and Is It Sustainable? crytocure 0 52 16-11-2019, 03:20 PM
Last Post: crytocure
  How Crypto Assets Are Capturing the Attention Economy crytocure 0 57 16-11-2019, 08:43 AM
Last Post: crytocure
  Crypto.com Launches New Exchange Eyeing Top-10 Spot Within 5 Years crytocure 0 61 14-11-2019, 12:25 PM
Last Post: crytocure
  The Cryptocurrency Market Suffers from Shockingly Low Levels of Liquidity crytocure 0 36 14-11-2019, 11:04 AM
Last Post: crytocure
  The CannaCor Coin: A Cryptocurrency For Medicinal Cannabis crytocure 0 34 13-11-2019, 11:24 AM
Last Post: crytocure
  Token Quality is Not the Main Criteria When Choosing a Crypto Exchange crytocure 0 57 13-11-2019, 02:42 AM
Last Post: crytocure
  Cryptocurrency Exchanges Pressured to Collect More Private User Information by FATF crytocure 0 63 12-11-2019, 11:20 AM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)