The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Learn

The Fintech Trends to Watch Out For

by 06/18/2021
by 06/18/2021 0 comment

Coming out of a pandemic, life should be returning to somewhat normal. That means 2021 could be a very exciting year as new technologies start rolling out.

Nowhere are expectations higher than in the banking and financial services industry. At a time when digital currencies are becoming more prominent, there is an entire evolution taking place in the banking world with new technologies leading the way. Let’s take a look at a few Fintech trends that are coming on the horizon.

Providing Banking Services to the Unbanked

Advanced nations often forget the challenges third world and emerging countries are facing. It’s amazing to think that as many 1.7 billion people in the world don’t have bank accounts. What’s even more amazing is 1.1 billion of those people do have cell phones.

In 2021, there will great technological advancements geared towards establishing digital mobile banking and financial services for people who have never had access to such service before. Digital banking services would help disadvantaged people be able to receive government assistance payments and send and receive money right from smartphones. In countries like China, India, Indonesia, The Philippines, Nigeria, Mexico, and Pakistan, this will change the quality of life for a lot of its residents.

Expansion of Blockchain Technology

The world of P2P (peer to peer) financial transactions is quickly becoming a reality. The introduction of blockchain technology came by way of the digital currency revolution. By decentralizing crypto transactions, consumers and traders have quickly learned that the removal of centralized enablers like banks has made transacting business more efficient and private.

Blockchain figures to be prominent in the next couple of years through two avenues. First, digital currencies like Bitcoin have officially exceeded fad status. The number of customers and merchants that are transacting business with digital currencies is increasing every day. Nowhere is this more obvious than in emerging markets like India. Previously India had a strict ban on trading cryptocurrency, but that all changed in March 2020 when the ban was lifted. Now P2P Bitcoin trading in India has exploded with total monthly volume doubling month over month. Second, the transition towards digital banking is already underway with the blockchain providing the infrastructure.

After establishing scalability, the only challenge that remains with blockchain is educating end-users. The idea that banks can be removed from the transaction process is more than a little intimidating for people who don’t understand the concept of a decentralized registry.

The Uprising of Neobanks

What are neobanks? They are digital-only banks that exist only over the internet. Without brick and mortar bank facilities to visit, people would be able to handle all their banking needs online. It’s a great way to bring the unbanked together with the rest of the world where all money transactions will be handled fast and efficiently online.

Customer Service Through Artificial Intelligence (AI)

In recent years, several major industries have already been taking advantage of AI and machine learning (ML) algorithms to address customer needs. The banking industry is one of them with banks like Morgan Stanley, the Bank of America, and JPMorgan using chatbots to handle customer inquiries.

In 2021, “conversational banking” will become more prominent in the banking and financial services arena. People will be able to resolve banking issues and request financial services without having to sit on hold while waiting for overworked customer service agents.



Source link

Views: 1
fintechtrendsWatch
Share
0
FacebookTwitterPinterestEmail
previous post
Miami mayor Francis Suarez holds Bitcoin and Ethereum, and he’s ‘planning to’ buy the dip
next post
3 DeFi Platforms You Didn’t Know You Need

Related Posts

How to Trade Futures Contracts on Changelly PRO

11/14/2021

EtherLite (ETL) Cryptocurrency Price Prediction

11/12/2021

How to Trade Bitcoin Futures

11/12/2021

How to Start Trading Cryptocurrency

10/21/2021

How to Create Your Own Cryptocurrency

10/13/2021

Benefits of Cryptocurrency

10/12/2021

How to Instantly Exchange Cryptocurrency on Changelly

09/28/2021

What Is the Best Cryptocurrency to Mine?

09/27/2021

Best Ways to Make Money with Bitcoin in...

09/16/2021

Crypto Mass Adoption: Traditional Stocks in Your Crypto...

09/13/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • American Express to Offer NFT in Collaboration with Singer SZA Exclusively to Its Cardholders

  • Akon’s Akoin Qualifies Initial Testing in Kenya, to Be Available for Countrywide Launch Next Month

  • Is the latest chapter in Binance Smart Chain v. Ethereum even a contest

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,445.002.84%
  • ethereumEthereum(ETH)$2,080.663.14%
  • tetherTether(USDT)$1.00-0.01%
  • usd-coinUSD Coin(USDC)$1.000.06%
  • binancecoinBNB(BNB)$303.024.47%
  • rippleXRP(XRP)$0.4327262.94%
  • cardanoCardano(ADA)$0.5810.98%
  • SolanaSolana(SOL)$55.7211.28%
  • Binance USDBinance USD(BUSD)$1.000.12%
  • polkadotPolkadot(DOT)$11.322.83%
  • dogecoinDogecoin(DOGE)$0.0904193.45%
  • AvalancheAvalanche(AVAX)$34.256.38%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,431.002.79%
  • Lido Staked EtherLido Staked Ether(STETH)$2,048.673.93%
  • tronTRON(TRX)$0.0707141.38%
  • Shiba InuShiba Inu(SHIB)$0.0000134.85%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.02%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • CronosCronos(CRO)$0.1949035.55%
  • matic-networkPolygon(MATIC)$0.716.73%
  • litecoinLitecoin(LTC)$68.211.80%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.954.40%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.950.87%
  • FTX TokenFTX Token(FTT)$31.661.84%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$203.61-2.03%
  • RareRare(RARE)$0.0461220.00%
  • cosmosCosmos Hub(ATOM)$12.0914.80%