Fintech, short for financial technology, has revolutionized the financial industry. Driven by the rapidly evolving technology landscape and increasing call for digital financial services, it has disrupted traditional banking and financial services.
Fintech software development has become an increasingly important actor in the financial landscape. The fintech industry is evolving at a rapid pace. In 2023 alone, over $9000 billion in annual transaction volumes are expected to be transacted through fintech.
Web 3.0 is a version of the Internet for users, which is managed by a community of such users. Improved graphics and UX connect with the concepts of personal information management and P2P financial interaction between network members directly, without intermediaries.
Blockchain in the healthcare sector is used for clinical data exchange, billing, medicine supply chain management, as well as medicine development, and clinical research.
According to Grand View Research, in 2022, the size of the global blockchain technology market constituted $10.02 billion. Till 2030, it’s still expected to expand at a CAGR (compound annual growth rate) of almost 88%.
Financial technologies are becoming an increasingly important part of our lives. Taxi booking apps, mobile banking, and online money transfers are just a few fintech examples.
Being a combination of technology and financial services, Fintech has been transforming the global financial sphere, the way businesses operate, and the payments space for over a decade.
Starting to talk about NFT, the first thing we need to indicate is that the invention of a Non-Fungible Token (NFT) has solved a lot of various questions regarding the property right to digital assets taking into account the speed of development of digital economy in the modern world.
Just a few years ago, cryptocurrency seemed an unknown and mysterious word, as well as the notion of crypto trading. Hardly anyone knew about it, but the enthusiasts who dared.
The digital economy is our actual reality and a high potential future. The latest trend in this field is building an nft platform.
