Advancement of blockchain technology within the global financial banking system

For those of us who make use of the dizzying technological progress, the changes that the blockchain system is presenting in terms of payments, withdrawals, transfers, investments, among others, is the product of years of technological development that today has and tomorrow will have a very prominent role since it has facilitated the commercialization between digital currencies.

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For technology enthusiasts, the crypto movement has been exciting, as it is full of smart people and great innovators that stimulate confidence, but at the same time, they put us in front of great risks that lead us to separate realities from fantasies, because while it is easy to win, it is also easy to lose economic resources.

All this framework of realities has been brought to us by blockchain technology by facilitating the emergence of cryptocurrencies, through the shared registration of all transactions and establishing a decentralized method of validation without the need for intermediaries or banking agents whom the blockchain has replaced by decentralized platforms where we can execute digital payments.

The truth is that the blockchain offers hope in spite of the recent fall in the price of some cryptocurrencies, since the influence of at least Bitcoin as the main cryptocurrency has not stopped growing.

Cryptocurrencies have not only been in the eye of the hurricane, but throughout this time being in the middle of the tightrope has provided opportunists and endless speculators, but at the same time this technology is a clear financial breakthrough within the global banking system.

Bibliography

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How Blockchain Can Transform the Financial Services Industry

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