The year 2020 turns out to be a remarkable one for the global online market. Cryptocurrencies have gained huge popularity day by day. Most of the people are start believing the technology behind cryptocurrency. Entrepreneurs are adopted to their business in cryptocurrency technology, and they are all interested to launch their own digital coin or crypto coin like Bitcoin for their multiple business purposes.

Cryptocurrencies are thriving in the Fintech industry. In this article, we have to see how cryptocurrency could be  a game-changer in the Fintech Industry

Table of the content

Overview of Fintech

Does Fintech need Cryptocurrency?

Which are the Top Fintech Companies Utilizing Cryptocurrency?

The technology behind Fintech

Benefits of using cryptocurrency in Fintech

Fintech

Fintech is the combination of the word “Financial Technology. Fintech is used by companies to manage various aspects of their businesses, usually through the software on smartphones and computers. Fintech was initiated in the 21st century. It also works on different sectors and industries such as education, retail banking, fundraising, and investment management.

Does Fintech need cryptocurrency?

Fintech also needs the development and use of cryptocurrencies such as Bitcoin. Cryptocurrency has a massively beneficial impact in the fintech industry. For example many commercial and central banks, loan providers are exploring the possibility of introducing their own cryptocurrencies. Fintech companies are spending millions of dollars on developing systems that can be detected and prevent fraud. Cryptocurrencies can be used to enhance transaction security by verifying a person’s identity Because cryptocurrencies can be used in a distributed ledger and it provided detailed information on how transactions occurred during a specific period. After seeing the benefits of cryptocurrencies. Cryptocurrencies as the primary means of money transfer. Financial Institutions will be able to save on costs while moving funds more efficiently.

Which are the Top Fintech Companies Utilizing Cryptocurrency?

Companies that integrate financial services with technology are considered a Fintech company. They provide financial services through an online platform.

There are a lot of companies that fall under this Financial technology like Paypal, Paytm, etc.

Stripe

Stripe is a payment processor that supports credit card payments and it allows individuals and businesses to receive payments over the Internet. Stripe operators in over 25 countries. It provides

Bitcoin as a payment method.

Quoine

Quoine was powered by blockchain technology it provides financial services like trading and exchanges and it was the first global cryptocurrency exchange officially licensed by JFSA, Japan Financial Service Authority. They recently launched an exchange called Liquid, Liquid was cryptocurrency one-stop trading portal, it allows the users to access a worldwide network of cryptocurrency exchanges.

Circle

It is a peer-to-peer payment technology company, they also guide their users to investing in cryptocurrencies. Circle allows users to send and receive payment through cryptocurrency. They have also launched Stablecoin for their business purposes.

Crypterium

Crypterium was one of the most promising Fintech company. They can be developing their own mobile app that allows users to instant payments in the cryptocurrency by NFC- Near Field Communication or QR codes using smartphones.

Not only this, there are a lot of companies like Ant-financial, Kyber Network, polymath, Blackmoon, Agri Digital, and many more companies that are utilizing cryptocurrency in Fintech.

The technology behind Fintech

Fintech Companies will need a better and more advanced system to deal with the demand and that’s where blockchain technology comes to play. The Blockchain is a technology based on the virtual decentralized network with blocks of information. Many of the Experts say that 77 percent of the financial services industries are planning to adopt blockchain in 2020. The biggest challenge in Fintech company is to face trust, so many fintech companies need a high-security system.

Blockchain is a series of immutable blocks, it allows companies to track the complete life cycle of financial transactions. Blockchain is the opportunity to create secure and safe financial products and bring innovation in the financial sector. The use of Blockchain can also be seen in the system of cross-border micropayments. 

Blockchain technology is an entirely internet-based system and does not need any specific set up for operating. Only users can access the data and conduct transactions from any part of the world using their account public and private keys.

Benefits of using cryptocurrency in Fintech

Using Cryptocurrencies in Bank Transaction

After the success of Bitcoins, many banks are exploring the idea of introducing their own altcoin due to the benefit of easy transactions and also low transaction rates.

Easy in Identity verification

We already seen that Fintech companies are spending millions of dollars is to detect and eliminate fraud. The best part of using cryptocurrency is that its enhanced security and it makes the transaction more secure than regular transactions and it cannot be modified by anyone, hence the transaction evidence will provide by each and every transaction

Using Mobile to make payments

Many startups and large companies are providing blockchain-based Dapps to their users to make payments through the P2P concept, because it may give convenient and more transparency without middleman action.

Increased Accessibility to loans

Normally, banks typically take time to approve loans. Fintech companies are works under the blockchain technology. So It makes it easy for the customers to get a loan at a lower interest rate with ease and the entire process being efficient and streamlined due to the involvement of cryptocurrency technology.

Explore More From here – http://bit.ly/2sR8Sk4

Stablecoins are backed by a stable asset or fiat currency it can be created by using blockchain technology all the transactions are transparent. It is a Scalable and Stable digital currency that would adopt in daily use. Stablecoins bring stability in the volatile cryptocurrency ecosystem, by using this Stablecoins your cryptocurrency transactions have become easier. Stablecoin is the type of cryptocurrency, it is the best way for business peoples and start-ups, these coins could represent a big change in the way, online business will be done easier. So everyone wants to create their own stablecoin

Advantage of using Stablecoin

Non Volatility

stablecoin is non-volatile in nature. It remains the same in the transaction progress too. Stablecoin will transmute the financial industry with a stable and secure currency for the businesses to preserve in the ever-changing monetary values.

Financial Inclusion

The amazing feature of the stable coin is financial inclusion because of its impressive traits. Financial services are no longer an elitist. Equal access to everyone for the financial institutions was ensured by Blockchain Technology through this feature.

Resilient Stablecoin
Increased Exposure
User-Friendly Mining
Widespread Integration

Developcoins deliver the best Stablecoin development solutions with advanced features

Purely Backed
Absolute safe and encrypted
Liquidity
Governance token

Most of the companies are providing the best Stablecoin Development Services to their clients, Among them, Developcoins is one of the Best Stablecoin development company, offering end-to-end stablecoin development services including creation, trading, and marketing. Developcoins helps you to build your own stablecoin, Our dedicated stable coin developers also provide the best stablecoin development projects and gives support throughout the completion of the project.

Do you want to create your stablecoin? Create your own Stablecoin with Developcoins now!

IN 2020, Most of the people will start believing in the technology behind Cryptocurrency.

Bitcoin was created early in 2009, Still, now Bitcoin is one of the most popular Cryptocurrency compared with other Cryptocurrencies and it grew up to 100times as its current price. Cryptocurrency is vastly easier to store and secure using blockchain technology.

The cryptocurrency market might experience a market optimism in 2020, as not only Bitcoin, but all the major cryptocurrencies might experience an upward. The governments and the central banks might embrace the digital currencies more than ever, hence the demand might be more it can take into the crypto market to a whole different height altogether,As per the prediction cryptocurrency stay securely to number one position, without any contender.

Its move 10 times faster than for instance technology stocks, It is important to think about 2020 in terms of the possible rate of the top digital assets, among them bitcoin is not alone in the list there are too many other profitable coins. The cryptocurrency market is constantly changing from day by day.

We are rapidly moving into the digital world, so the digital currency is also more important in that, whether you believe it or not, the crypto community continues making waves and gathering enthusiasts all over the world.

In 2020 is expected to turn out be the most prominent year for cryptocurrencies

Bitcoin(BTC) price prediction 2020:

Bitcoin was created in 2009 it was the first and original cryptocurrency, The bitcoin project has been an amazing success, Bitcoin prize was less than one cent in the year of 2009.

The crypto traders said that they believe Bitcoin would jump above its all-time high of $20,000 in early 2020, But the present active fundamental and technical catalysts, Bitcoin would break the consolidation area to the upside, an action that would take the price above the $25,000 level.

Ethereum(ETH)price prediction 2020:

Ethereum was found in 2015 by a Russian-Canadian developer. It is the second most popular cryptocurrency next to the BITCOIN, Ethereum will hold 25% of the entire cryptocurrency industry, Ethereum price prediction 2020 believes that Ethereum will be worth $11,375, According to the analysts, Ethereum will reach this prize in 2020. 

Litecoin price prediction 2020:

Litecoin was invented in 2011, it is an open-source, global payment network without any Central authorities, In 2020 where it can reach the $400 mark in the first month. It might be $500 In the middle of the year, By the analysts at the end of the year 2020, it can be decreased by a bit and might go to $470.

Ripple(XRP) price prediction 2020:

It was initially released in 2012 in the name of XRP. Later the name was changed into a ripple in 2015, according to the analyst the price will reach highs of above $10 in 2020.

Zcash (Zec) price prediction 2020:

Zcash is one type of cryptocurrency or a form of digital assets. Zcash was started with a high price when it was first released in 2016, at the beginning of the year, Zcash was one of the greatest winners in the cryptocurrency rally. As per the analysts, the price should be trading around $175 in December 2019, The price should reach a high of $733 on Nov 2020.

Before launching your new digital coin or crypto coin you must consult with experts who provide the complete cryptocurrency development solutions.

Developcoins is a reputed blockchain and cryptocurrency development service provider in India and globally. Our team of cryptocurrency developers is master in creating custom crypto coins using immutable blockchain technology. we have provided complete coin creation services for various clients with their own custom cryptocurrencies. They are created their own custom crypto coin based on Scalable, optimized and highly secured blockchain technology for allowing easy and secure transactions.

Do you want to create your own cryptocurrency? Or want to make your cryptocurrency so popular around the world? Then feel free consult with our experts at  Skype – live:Tech Geek | Whatsapp – +91 9843555651 | Email id – sales@developcoins.com