Press Releases

Story: Cryptocurrency Depend on Banks to Be a Part of the Pay in and Pay out Industry

By Steven Anderson

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Legal and regulatory repercussions are on the rise due to increasing numbers of cryptocurrencies flooding the market.

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Some of the most valued cryptocurrencies include “Bitcoin, Ether, Litecoin, Ripple, Peercoin, Dogecoin, Dash, NEM, and Namecoin.

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“Substantially large untapped potential base in the payment industry is expected to present strong growth prospects over the forecast period."

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Cryptocurrency engineers and blockchain technologists from across the world are working towards coming up with accessible financial systems that are based on the internet.

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Investors have to look at value with a radically new way of thinking.  There are no mints, stamped coins or printed bills.

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The major dispute in the cryptocurrency world is related to preventing money laundering.  AML and KYC are put to dispute all the time.

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There are several arguments hosted against KYC and AML stating it will spoil the whole idea of decentralization; however, in reality, this will lead to a great decentralization…

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While institutional interest will contribute a great deal to the growth of the cryptocurrency sector, several of them are not willing to risk their stakes in areas that are…

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Most of the international monetary framework is based on Protocols that are old by 4 decades.

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The first decade of the cryptocurrency has moved faster than expected.  “Drawbacks in the scalability and its legalization hindering the market growth."

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With increased scrutiny, we are not sure of what the cryptocurrency world provide in a decade from now. It might probably evolve to the most reliable form of digital money. 

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For now, the cryptocurrency exchanges depend on the banks to be a part of the pay in and pay out process in the industry.

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Rahm Emanuel, a Chicago Mayor, stated, "an alternative way of currency dealing with the debt markets is going to happen."

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