Author: Joe Pocock, Techfellow's Head of Communications
Fintech has exploded.
We’re experiencing a truly exciting time for money management. Innovations challenging many financial giants are coming thick and fast, and are a welcome change from archaic legacy systems and outdated processes – let’s not even get started on some mobile UIs.
Only a handful of start-ups are ever truly successful – for modern banking we’ve seen Starling Bank and Monzo take strong footholds in recent years.
As technology develops, however, as does our understanding and desires as a customer. One of those increasing in popularity is to invest in cryptocurrency, but that’s not always as easy as you think, swapping your fiat currency for a digital, unregulated, decentralised currency. What’s a crypto wallet? A private key? How do you ‘mine’ something which isn’t physical?
All good questions – with answers that could confuse and deter many, but that doesn’t change the fact that people are listening to the noise; they want to join this huge global community that believes crypto is the next big thing.