Let’s take a look at some of the possible use cases for crypto and blockchain in the forthcoming years and decades. Surely though, there is much more to come.
Fintech is an industry composed of companies that compete with traditional financial institutions by implementing new, innovative technologies into their working process. The cryptocurrency Fintech sector has been exploring the use of blockchain and blockchain-based applications as a new technology to challenge traditional ways of doing business. Blockchain, smart contracts and cybersecurity are some of the most actively researched areas of Fintech. Crypto Fintech sees cryptocurrencies as a means of establishing a secure and traceable way of transferring assets and getting rid of intermediaries. However, blockchain is not only suitable for regular transactions, but may help in such fields as voting and dividends management by establishing a trusted and immutable network with unchangeable records about past events.
A recent job listing at blockchain-based payments firm Ripple indicates that it is working on a working capital loan product.8978
Major crypto event, Consensus: Distributed, kicks off virtually, with ECB board member Yves Mersch discussing central bank digital currencies.3556
A new study reveals that blockchain offers the best salaries in the UK’s technology industry.8045
Multi-chain DeFi framework, Equilibrium, raised EOSDT circulation cap from $70 million up to $170 million with pBTC integration.5198
Hong Kong-based AI startup SenseTime partnered with PBoC’s digital currency research unit to continue the development of the digital yuan.13794
Bank of China continues to strengthen fintech regulation, expanding pilot projects in six more cities and districts.7834
WeBank is the only bank ranked in the top 10 Global Banking Patents Rankings.4675
Bitfinex is planning to list its first cross-chain DeFi token pBTC to further push DeFi adoption and liquidity.7444
The Director of LabCFTC talks accomplishments, future plans, and COVID-19 response with Cointelegraph.2840
Polish Credit Bureau launched commercial use of its blockchain-based customer data platform for retail banks.2207
In its most recent position paper, the IFWG labeled crypto as a possible (but unlikely) threat to South Africa's monetary system.1666
New DeFi consortium backed by veteran crypto investor, Polychain Capital, hits 51 members to bolster cross-chain DeFi solutions.2144
The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era.4684
Square Capital is now authorized to provide small businesses with low-interest loans that can be 100% forgiven if used to cover approved costs.2876