4 Trends That Will Rewire the Inner Workings of the Fintech Industry

“These four impending trends won’t just rewire the inner workings of the fintech industry, they’ll create space for further innovation on the part of agile startup entrepreneurs.  

1. Quantum computing – Even JP Morgan and Barclays have been dabbling with IBM’s quantum computing tools, according to Wired, looking to the future for practical applications.

2. Artificial intelligence – the major exchange infrastructure on Wall Street is already almost entirely managed by automated machines.

3. Cryptocurrency and decentralized finance – Tether remains the dominant stablecoin in the cryptocurrency realm, but stiff competition is emerging with projects such as Stably.

4. Big tech – According to The New York Times, Facebook is developing a stablecoin for its platform. Add in the fact that major social media platforms are planning on integrating with ecommerce stores, such as the certain-markets-only Shopping on Instagram feature”

https://www.google.com/amp/s/www.entrepreneur.com/amphtml/335208


Facebook’s New Cryptocurrency, Libra, Gets Big Backers

  • Visa, Mastercard, PayPal and Uber are among firms that will invest around $10 million each in consortium that will govern digital coin
  • Still, the lure of Facebook’s nearly 2.4 billion monthly active users was too strong for many companies to pass up.

https://www.google.com/amp/s/www.wsj.com/amp/articles/facebooks-new-cryptocurrency-gets-big-backers-11560463312

Disclosure: I’m a former employee of Facebook and currently a shareholder of FB shares.

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