A cryptocurrency is a digital form of an asset which can be used for exchange and to make transactions secure and control the creation and counterfeiting. Cryptic currency currently occupies a large share in the financial technology market. An example of such type of currency is Bitcoin which was introduced to see the response and try to win the consumer’s approval. Hence it is the first successful use of blockchain technology. I feel with digital currency, fake currency and counterfeiting would be a thing of the past.<\/p>\n
Many startup companies have identified Bitcoin as a potential starting point and built their business models around it. For example, BTCJam\u00a0is a service which is a bitcoin based P2P lending service.\u00a0BitPay is a global bitcoin payment processor that allows merchants to accept bitcoin payments from customers while pricing their products in their local currency. BitPagos uses bitcoin to enable credit for online payments in the emerging markets where local currencies are subject to serious depreciation. Coinometrics that collect market data from Bitcoin exchanges to provide insight into the state of the Bitcoin economy. Coinbase and Kraken are the leading bitcoin exchanges. However, blockchain solutions go far beyond bitcoin applications.<\/p>\n
Here are some companies in the blockchain domain I feel would be interesting:<\/p>\n
Reference:\u00a0https:\/\/n-ix.com\/exploring-use-cases-blockchain-technology-fintech\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Blockchain monetary solutions A cryptocurrency is a digital form of an asset which can be used for exchange and to make transactions secure and control the creation and counterfeiting. Cryptic currency currently occupies a large share in the financial technology market. An example of such type of currency is Bitcoin which was introduced to see … Continue reading Blockchain monetary solutions<\/span><\/a><\/p>\n","protected":false},"author":1837,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1181","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":1,"qubely_featured_image_url":null,"qubely_author":{"display_name":"mohitkudalkar","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/mohitkudalkar\/"},"qubely_comment":1,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Blockchain monetary solutions A cryptocurrency is a digital form of an asset which can be used for exchange and to make transactions secure and control the creation and counterfeiting. Cryptic currency currently occupies a large share in the financial technology market. An example of such type of currency is Bitcoin which was introduced to see…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1837"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1181"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1181\/revisions"}],"predecessor-version":[{"id":1182,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1181\/revisions\/1182"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}