FinTech | Beyond 2020 – Part 3
FinTech is eating up the world. I think my first introduction to the word FinTech was when I started learning about companies like Square and Coinbase. If I were to define FinTech in my own simple way, I would define it as the modernization of traditional financial services.
The emergence of the Blockchain and Crypto has accelerated the number of FinTech companies that are popping up. Most of these companies live by the same ethos, which is to serve the unbanked and for everyone to be their own bank in a way. The traditional financial markets has never really worked for the people, especially if you think about all the hoops you have to go through just to take your money out, transfer money to someone, or borrow money.