Perhaps, a massive amount of capital is flowing from legacy institutions to Bitcoin and other digital assets.
Bitcoin is evolving and blockchain is maturing due to technological advancements. Digital currencies have risen considerably during the pandemic year. Bitcoin has been in the headlines throughout the year, resulting in the price emergence of other coins and cryptocurrencies.
Considering recent evolution in cryptocurrency industries and Bitcoin’s price expansion, Elon Musk, founder of SpaceX, announced recently that his company Tesla invested $1.5 billion in Bitcoin. Additionally, Tesla has begun considering BTC payments for their electric vehicles. The company updated its investment policy recently in January 2021 to provide liability and flexibility, and to maximize returns on cash which is not required to maintain sufficient operating liquidity.
Keeping in view the above-mentioned updates, analysts and researchers concluded that investors can be easily wiped out if digital currency prices evolve in the future. Many companies and evolving organizations are currently working on acquiring blockchain and cryptocurrency transformations.
Let’s have a look at the top 5 most evolving cryptocurrency startups that prove to be revolutionizing the future of the Fintech industry.
Wintermute was founded by Harro Mantel, Evgeny Gaevoy, and Yoann Turpin in 2017. The main goal of this startup is to provide more liquidity which is required for the cryptocurrency market. Moreover, they are keener to adopt innovative decentralized finance for transaction purposes. The startup is currently funding $20M. Thankfully, Wintermute offers sophisticated trading algorithms and technology and provides liquidity to thousands of pairs across trading platforms and most vetted exchanges internationally. The best part is the company is dedicated to helping digital asset exchanges and blockchain for an unpredictable future of the fintech Industry.
Nebeus was founded by Konstantin Zaripov, Sergey Romanovskiy. This evolving London-based company is providing a strong bridge by fulfilling the gap between cash and cryptocurrency. It is providing crypto-backed cash services to people for everyday use. Surprisingly Nebeus raised €995K through an equity crowdfunding campaign on Seedrs. People can buy, sell and exchange cryptocurrency efficiently and accurately. The main product is crypto asset-collateralized loans, with health monitoring, fluctuation alerts, integrated and proprietary margin calls.
Coinrule was founded by Gabriele Musella, Oleg Giberstein, and Zdenek Hofler. Coinrule is currently funding £941K and is the smart assistant for cryptocurrency exchange and trading while being capable of fighting back automated bots and high funds. The company affirms that it is uncomplicated and requires no coding skills. CoinRule is a beginner-friendly yet safe and secure platform used to send automated instructions to the customer’s chosen exchange. The company does not require any private keys and withdrawal rights from its customers.
4. Radix DLT
Radix DLT was founded by Dan Hughes and is currently funding £16.2M. It is a London-based decentralized finance (DeFi) network, emerging to develop DeFi protocols, providing frictionless access, liquidity and programmability to any digital asset around the globe. The main goal of this company is to provide solutions to complex queries in the current era of a centralized financial system. Radix focuses on three drivers of DeFi growth i.e. access, liquidity, and choice.
Wirex was founded by Dmitry Lazarichev, Georgy Sokolov, Pavel Matveev and is currently funding £5.7M. The main goal of Wirex is to make cryptocurrency and other traditional currencies equally accessible to everyone. The company has its own personal application and the Nex-gen Wirex card allows its customers to buy, sell, exchange, and spend a wide range of digital and conventional currencies with a high rate of effectiveness and security, with no hidden fees.
Hence, the cryptocurrency sector has undoubtedly gained immense popularity in the past couple of years, and has started to affect the economy of numerous countries. Whenever technological advancements come under discussion, expansion in blockchain and acquisition of cryptocurrency is now almost always part of the conversation. In the near future, cryptocurrencies have the potential to grow and reshape the landscape of fintech startups.
Companies like Facebook and other tech giants are focusing on adopting cryptocurrency and integrating it into their network as it is the next big revolution in the fintech industry.
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