Blockchain in Fintech: A Catalyst for Disruption in Finance World

In the fintech industry, technology is making a huge impact in the finance world. Using the blockchain technology could help to open up the financial world to more people. Central banks are considering the launch of wholesale digital currencies that would be powered by the blockchain. Using blockchain technology in the clearing and settlements industry could save the investment-banking world billions of dollars. There are currently over 2 billion globally who do not have a bank account and people could open a new bank account via their mobile phone that is powered by a blockchain.