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Is implementing blockchain a good idea? See for yourself. According to Buy Bitcoin Worldwide, “the global blockchain market will be worth $1,431.54 billion by 2030, growing at a CAGR of around 85.9% from 2022 to 2030.” The same source states that blockchain can reduce 30% of banks’ infrastructure costs, i.e., more than $10 billion every year….
You won’t find the words “overdraft”, “accrued interest”, or “mortgage” on the home page in today’s banking software. Now, when you want to check your account balance, you open the app, and it greets you with a caring “Hello, Alex! How are you today?” A change like this is significant progress for traditional banks, which…
As Statista writes, in 2023, the transaction value in the neobanking segment is projected to reach $4.5 trillion, and by 2027, the number of users is expected to amount to 380 million. This information raises many questions — from “What is so special about neobanks that people leave traditional banks and rush to use them?”…
Insurance has always been a thing. But insurtech? It emerged only in 2010 when Friendsurance created the first peer-to-peer business insurance model. Nevertheless, in 2021, the global insurtech market size was already valued at $3.85 billion. Impressive enough, huh? But wait for it: from 2022 to 2030, analysts expect for the market to expand at…
In the year 2023, we value simple pleasures, like eating out or visiting a football match, much more devotedly than we used to. Our behaviors have changed greatly. Within a period of just a year, we have witnessed a great shift in the payment habits of the whole world. Such innovations in the payment ecosystem…