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Crypto Currency in Fintech

Issue Abstract

Abstract
      Fintech and cryptocurrency have played a significant part in digital transformation of financial services. Crypto currencies comprising Bitcoin and Ethereum have introduced decentralized digital assets that make it possible to secure, boder less transactions and have the potential to distrupt existing financial institutions.    

Fintech, or financial technology, relates to a wide spectrum of digital innovations such as mobile payments, online banking, robo-advisors and peer-to-peer financing.these advances have transformed financial services more accessible and efficient for both consumers and business organizations.

Crypto currencies, that use blockchain, enable transparency, immutability, and much easier and quicker transactions, making cross border payments and remittances easier as well as more cost – effective. decentralized lending borrowing and trading services without the use of intermediaries, have also developed.


Author Information
Dr. K. Parimalakanthi
Issue No
9
Volume No
2
Issue Publish Date
05 Sep 2023
Issue Pages
148-150

Issue References

References

          The fintech sector was significantly impacted by cryptocurrencies. They opened up fresh possibilities for decentralised financial systems, facilitated international trade, and drew significant investment. The conclusion or ultimate result of cryptocurrencies in fintech, however, can only be ascertained by following their advances after that point. I advise consulting the most recent sources for the most recent information because the technological and regulatory landscape is constantly changing