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RE: Goldman Sachs backed Circle says crypto trading market is "robust"

in #bitcoin6 years ago

The financial services industry is at a tipping point-either disrupt or get disrupted. As start- ups and financial technology firms entice new and changing customers, those that demand customized and targeted experiences, how will the industry as a whole compete?The traditional banking system is gradually being overtaken by the blockchain technology creating applications such as cryptocurrency payment systems,peer-to-peer lending, money transfer services, wallets, and so on but its faced with many challenges such as making simple exchange transactions such as alt-currency exchange, one may have to juggle 3 to 4 interfaces. Typically one would have a bitcoin wallet, exchange wallet, and receiving wallets, plus the switching between platforms which practically raises error possibilities leading to a serious drawback for the average user, also how to get software vendors to make the investment to connect their exchange or market place. Although it is perceived that a superior application with a solution that can put together information and supports decision making, which will be in one platform and is accessible by all can normalise the already disrupted cryptocurrency exchange system.