Fintech

Recent years have passed under the sign of the coronavirus pandemic, which has had a significant impact on the global economy and the way of life of people in general.

Miami has been supportive of the fintech industry and cryptocurrencies and blockchain in particular. Miami Mayor Francis Suarez has just launched the city's own cryptocurrency called MiamiCoin ($MIA). How does Miami compare to other crypto cities?

Fintech companies and businesses which deploy technology to offer financial services to their users, are now using robo-advisors, adopting apps and other tools intended to help customers develop budgets, creating more effective payment processing programs while using sophisticated technologies.

Decentralised Finance (DeFi) saw exponential growth in 2020 and 2021 promises to be yet another defining year. What’s particularly exciting is how DeFi has coincided with broader trends in banking and the rise of fintech 2.0 and neobanks.

The legality of cryptocurrencies varies from territory to territory. The UK especially leans towards crypto mining and trading as well as blockchain development but will get under the skin of illegal miners.

Revolut has rolled out cryptocurrency withdrawals to give its users the new option of transferring their digital currency. The feature allows withdrawals to private wallets outside of the Revolut ecosystem in an effective, fast and secure manner.

As the interest in cryptocurrency is seemingly increasing in Africa more than in some of the globe’s developed economies, the Central Bank of Nigeria (CBN) has come out to embrace this nascent fintech by saying that Bitcoin and cryptocurrency businesses in Nigeria are not banned at all.

Despite the effect of Covid-19 pandemic on innovations, London’s financial technology (Fintech) industry is gaining more traction than any other region in the European Union (EU). More than £50 billion has been invested since the start of 2019 in the UK’s fintech industry.

With everything seeming to be going digital in this Covid-19 pandemic era, the tokenization of payment systems is growing at a high rate across the globe. Blockchain and fintech is now the next big thing.