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  • Blockchain
Editor's Pick (1 - 4 of 8)
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A Closer Look at Block Chain Technology

A Closer Look at Block Chain Technology
John Shea, CIO, Eaton Vance

Blockchain Rising: Have You Considered Blockchain for Your IoT Strategy?

Blockchain Rising: Have You Considered Blockchain for Your IoT...
Gavin Whitechurch, EVP Product & Strategy, KNect365 TMT

Blockchain to turn Insurance into an Enjoyable Activity

Blockchain to turn Insurance into an Enjoyable Activity
Safan Zaheer, Head of FinTech and Director, Digital Financial Services, KPMG US

Could Blockchain Technology Disrupt Commodity Trading?

Could Blockchain Technology Disrupt Commodity Trading?
Shane Randolph, Managing Director, Opportune LLP

How Technology is Transforming Accounting and Auditing

How Technology is Transforming Accounting and Auditing
Erik Asgeirsson, President and CEO, CPA.com, The Technology Subsidiary of The American Institute of CPAS

Riding the Blockchain Wave: Challenges and Opportunities

Riding the Blockchain Wave: Challenges and Opportunities
Eric Piscini, Principal Global Blockchain Leader, Deloitte

Blockchain to Revolutionize the Financial Industry

Blockchain to Revolutionize the Financial Industry
Safwan Zaheer, Director, Financial Services Digital & Head of FinTech, KPMG US

Three Steps to Launching a Corporate Blockchain Initiative

Three Steps to Launching a Corporate Blockchain Initiative
Joshua Leland, Director of Blockchain for Development Solutions Lab, Chemonics International

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Cryptocurrency: The Trump Card in Finance

By CIO Applications| Friday, January 25, 2019
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Cryptocurrencies are used as fee playing cards and personal financial institution accounts. The transactions take place between two e-wallets and are kept in public ledgers. They offer a multitude of ways to earn a form of interest with little effort and customers the protection of their information and holdings. Technology advancement has changed today’s financial organizations’ ways of functions. Cash is going down the drain and gives no added advantages. It holds debit and credit card charges, ATM, switch, trade, overseas, and minimal steadiness charges. But a crypto account demands no other charge except only transactional one. Following are some of the advantages it offers today:

Sensitive information: Banks and financial organizations deal with huge amounts of personal data about their customers in traditional ways that hold risks in terms of holding privacy. Cryptocurrency transactions, however, provide an alternative by limiting the amount of transaction data to mere numbers that are termed as wallet addresses and transaction IDs.   

International use: Use of this digital currency is not bounded by borders and offers cost-effective transactions across the world. Retailers take the leverages and are able to expand their businesses without making big amount transactions. People use this currency while traveling because it adds an extra layer of security and is used as a remote source of emergency funds that can be used accessed without any ID or bank account.

Ecommerce: The digital currency has made e-commerce transactions easier. Here traders supply shoppers the selection to pay with dozens of cryptos. Bill handlings with it are easy and fast and service provider transaction charges are lower than fiat transaction charges.

A growing market: The successful crypto payment gateways are processing in billions through transactions annually. The providers of it are serving millions of vendors in hundreds of countries and integrated with millions of users. The market is expected to grow more as integrations and partnerships between cryptocurrencies payment processors and fiat payment processors are in the works. 

Commercial use: Cryptos are beneficial for the countries that are weaker financially. Citizens of these countries use this currency more than the others. The merchants in these places are more open toward adding cryptos as a method of payments.

Transactions and handlings using cryptocurrencies are ensured with strong cryptography. This brings more trust of customers on organizations and businesses.  

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Blockchain for Improved Gaming Experience

Blockchain for Improved Gaming Experience

AI and Blockchain: Disruptive Forces in Wealth Management

AI and Blockchain: Disruptive Forces in Wealth Management

Crossing Financial Service Barriers with DLT

Crossing Financial Service Barriers with DLT

What Makes Blockchain an Answer to Data Storage

What Makes Blockchain an Answer to Data Storage

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