Abstract
The financial landscape has been significantly transformed by the emergence of crypto currencies and Fin tech. This study explores the complex world of crypto currencies and Fin tech, examining its development, effects on industries, and potential future implications. It examines the decentralized nature of digital assets like Bit coin and the potential to disrupt financial intermediaries in the underlying block chain technology. The research explores the impact of crypto currencies on industries like payments, remittances, and cross-border transactions. It explores their potential for financial inclusion, increased financial inclusion, and reduced transaction costs. It also addresses market manipulation, security concerns, and regulatory issues. The study also explores block chain technology's use in decentralized finance platforms, Fin tech developments, and the reshaping of financial ecosystems through block chain, IOT, and AI. In conclusion, this exploratory study offers useful information about the world of crypto currencies and Fin tech, their disruptive effect on conventional finance, and the potential future directions of this dynamic and developing sector. In order to ensure a sustainable and inclusive financial future, it emphasizes the need for a balanced approach that fosters innovation while addressing regulatory challenges.
Keywords: Bit coin, crypto currencies, Fin tech, IOT, block chain
Crypto currencies and fin tech have revolutionized the financial landscape, offering opportunities and challenges for individuals, businesses, and governments. Crypto currencies, led by Bit coin, have become a digital asset class, offering diversification and potential high returns. Fin tech innovation, including mobile payment platforms, peer-to-peer lending, robot-advisors, and block chain-based solutions, has increased access to financial services and enhanced efficiency. Financial inclusion is one of the benefits of fin tech and crypto currencies, allowing people in remote areas to participate in the global economy. However, crypto currencies face challenges such as price volatility, regulatory uncertainties, and security risks. Governments and financial authorities are grappling with regulating crypto currencies and fin tech, balancing innovation, consumer protection, and financial stability. Environmental concerns, mining operations, and central bank digital currencies (CBDCs) are also a concern. Collaboration between public and private sectors and proactive regulation will play a crucial role in shaping the future of crypto currency and fin tech, ensuring sustainable growth and widespread adoption.