Global Payments Part Three: Blockchain and the Future of Finance

Blockchain Payments The following is part three of our FinTech series, discussing the future of FinTech, and the recent explosive growth of blockchain’s disruptive potential. By Jordan Odinsky (@jordanodinsky) and Sarah Lavin For those who have been following the markets, cryptocurrencies have taken the center stage on popular media outlets such as CNBC, MSNBC, and Fox Business. Powered by blockchain technology, cryptocurrencies are not just a new branch in FinTech, it is a new investment asset class entirely. Simply put, blockchain is one of the most important technological innovations of our time. Seen by many as the next phase of the Internet evolution, blockchain will transform the way humans communicate, engage in commerce, and trust each other. In the last 12 months alone, the market cap has skyrocketed. It is being estimated at $100B+. By definition, blockchain is a public distributed ledger of transactions held together in packages or “blocks” (hence the name). Precisely because the blockchain is decentralized, meaning that it isn’t owned or managed by one central authority, it has such a dramatically disruptive influence on the...

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