The BFSI sector is currently the biggest adopter of blockchain innovation due to the reach it offers. While essential for crypto trading services, blockchain is also integral to the transition to digital finance.
PALO ALTO, CA (PRWEB)
July 02, 2022
The rapid digital transformation in financial services has brought competition for banking companies around the world. HashCash Consultants, a global leader in blockchain development, aims to bridge the gap between fostering collaboration instead of competition between the two segments by using cutting-edge white-label blockchain innovation.
The fintech industry continues to drive innovation forward in a long stagnant industry. However, they often suffer setbacks as small start-ups. Banks and financial institutions can opt to collaborate with these fintech providers or upgrade their own infrastructure. Blockchain innovation has been an evolution offering a chance to improve while maintaining existing infrastructure.
HashCash CEO and blockchain pioneer, Raj Chowdhury, says, “The BFSI sector is currently the biggest adopter of blockchain innovation because of the reach it offers. While essential for crypto trading services, blockchain is also integral to the transition to digital finance.
Blockchain includes Distributed Ledger technology that facilitates effortless sharing of transactional data among network members in real time. The process eliminates middlemen, reducing operational costs. Its consensus mechanism also authenticates data, while smart contracts speed up transactions without trust issues. All things combined, blockchain can be used to power payment processing, ACH solutions, digital ID systems, and more.
“Blockchain is a significant force behind the global fintech revolution. Technology is transforming the ecosystem with transparency, security and privacy, all key ingredients of fintech architecture,” concluded Chowdhury, who previously expressed his views on crypto regulation and the role of crypto- literacy in preventing DeFi scams.
HashCash has spearheaded digital transformation with native blockchain-powered solutions for a wide range of applications including banking, financial services, supply chains, enterprise networks, and more. The company has won top honors in blockchain development from a global business research company and has deployed its products in over 26 countries on 6 continents. HashCash also announced plans for expansion and hiring in India and Dubai, as well as discounts on all of its white label enterprise products and solutions.
The disruption of digitalization in financial services requires adapting to the latest technical advances for banks and the fintech sector. A collaboration between these two fields can contribute to reinforce their sustainability. Sectors should also use blockchain to take advantage of the best growth opportunities for their business.
- About HashCash Consultants:
HashCash is a global software company. HashCash Blockchain products allow businesses to move assets and settle payments across borders in real time for remittances, trade finance, payment processing, and more. HashCash operates a US-based digital asset exchange, PayBito and a digital asset payment processor, BillBitcoins. HashCash offers white label crypto exchanges and payment processor software solutions, ICO services and custom use cases. HashCash powers technological advancements through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash offers solutions in AI, Big Data and IoT through its platforms, products and services. HashCash solves the toughest challenges by executing innovative digital transformation strategies for customers around the world.
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