FinTech Today

Read Time: 3 mins We all have heard of Bitcoin and many other cryptocurrencies over the past few years. So let's have a look at what cryptocurrency is, what blockchain is, how does blockchain links to cryptocurrency! Let's dive straight into cryptocurrency and see what it is! By definition "A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets." The easy one : "A cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques." A few keywords that you need to know when talking about cryptocurrency are as follows: Wallet A place to store your cryptocurrency credentials: namely your private key  Private key A 256-bit number expressed as a hexadecimal  Eg: 9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA3326 NOTE:   ...

Read Time - 3 mins Shortened for Financial Technology, FinTech is basically a combination of Financial Services and Technology. As the world is advancing more in the technical field and with such advancements in Machine Learning and Artificial Intelligence, the accessibility and accuracy are growing at an elusive pace wherein we all are left with no other option than to adapt to FinTech. Emerging in the 21st century, any innovation which in terms is related to Financial Services and is done with the help of technology can be categorized under FinTech. At its core, FinTech can be used by anyone and everyone and if you observe carefully, we all are surrounded by FinTech and it comes into the picture every time you make payment. There are certain categories in the Finance Sector that are adopting to FinTech or have already adapted to it, there are some huge and recent implementations of FinTech at a global level and to talk a few: Bitcoin is accepted by companies such...