Encryption technology, financial applications, development of new business models

Twenty years ago, “Are you an Internet business? Is a common question. Today (almost) most business ventures are online businesses. Even 10 years ago, the term "mobile phone company" became popular, but now it is a constant problem.

Likewise, we will soon be asking "Are you a cryptocurrency company?" Because most companies new to the financial services industry usually have cryptocurrency products.

As cryptocurrencies grow in the minds of consumers, financial services have added crypto products to boost the wallet.

For example, Robinhood started out as a commodities market and now supports some cryptocurrency markets, some new banks are making more money for their customers through DeFi (decentralized finance) and the big banks have provided cryptocurrency products. It is in the early stages of experimentation.

By 2022, more cryptocurrency infrastructure will be created for transactions, wallets and value-added services, storage and more, enabling consumers to continue to integrate and manage fiat and crypto financial life. cash.

Financial plans based on encrypted communications not only benefit existing financial services, but also enable new business models. The benefits derived from applications developed through communication and configuration through tokenization allow users to access product functionality that cannot be achieved with traditional business models.

The result is an ecosystem of financial building blocks that anyone can create or nurture without deducting middle class costs and human bias from the exchange.

With the emergence of new business models, better products and better customer experiences will follow. The next step in this transition will be the emergence of a company that embraces network communication and offers the same functional and user-friendly experience as our customers. The use of the business has become popular over the years.

In a few years, crypto will be working to solve some new and emerging market and social issues and is an important part of the global financial market, and we will never know.

Although the crypto ecosystem has grown and new business models have emerged, there are still significant risks as rapid economic growth becomes increasingly important to governments and regulators.

Regulators will remain in the short term, but a large number of government allies and regulators have recognized the benefits of crypto financial services and real assets.