Crypto and FinTech

Crypto and FinTech



Financial technology (FinTech or fintech) is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services.[1] FinTech is a new industry that uses technology to improve activities in finance.[2] The use of smartphones for mobile banking, investing services[3] and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both startups and established financial and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. Many existing financial institutions are implementing Fintech solutions and technologies in order to improve and develop their services, as well as gaining an improved competitive stance.

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A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography.
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A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
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Bitcoin is a cryptocurrency, a form of electronic cash.

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