Future of Big and Small Cap Altcoins in the Future Financial Market

Maheen Hernandez By Maheen Hernandez September 14, 2019 0

Santander, the fifth-largest bank in Europe issued an “end-to-end” debt-based bond on the Ethereum’s public blockchain.

The Chief Financial Officer of Banco Santander stated, “Santander is at the forefront of the profound digital transformation of the financial sector, and this transaction is one example. We want to take advantage of any technology that can accelerate that process so that our customers thrive and be faster and more efficient, and blockchain is one of those technologies.”

Santander will be making the bond issuing process very efficient by making the entire process fast and efficient.  Eventually, they will be eliminating several intermediaries in the process. They are digitalizing the whole process.

Ethereum was not able to break beyond the $185 range, and analysts are predicting a breakout.  Bitcoin is not very decisive on the price trends either.  ETH was not able to sustain the $184 mark despite touching upon the price three times over the past five days.

Ethereum enthusiasts think that it is the calm before the storm.  The price action unveils an upward movement in the forthcoming days.  The price might hit the 270 dollars range according to ETH optimists.

Cryptocurrency is becoming very attractive to institutional investors.  Analysts suggest that investors should wait until $140 through $150 range before they can buy ETH.  There is a lot of uncertainty around all the cryptocurrencies about how they will fit in the overall global financial landscape.  This is true with small-cap tokens like TCAT tokens and other significant Altcoins as well.

Cybercriminals continue to use cryptocurrency to generate illicit profits.  They continue to exploit different modules and methods to profit from cryptocurrency.

Payments using cryptocurrency are already a reality now in several financial transactions, and very soon, it will become a common everyday thing.  There is an increasing interest among investors to transact using cryptocurrency.  Governments from across the world are taking proactive steps to regulate potential payments using cryptocurrency.

Newer rulings are introduced to determine the taxation on cryptocurrency earnings.  Rulings are becoming increasingly clear, about how the legislation will provide both employees and companies with guidelines on how the taxation should be handled.

Rulings are a progressive approach towards digital government services, and the jurisdiction is showing a willingness to understand the evolving needs of the cryptocurrency payment system.  They are exhibiting an openness to develop systems that will permit comfortable use of cryptos just like the fiat system.