Topic

FinTech

Crypto-currencies – High Prospects Despite Low Reputation?

Feature "Blockchain"

Crypto-currencies – High Prospects Despite Low Reputation?

New methods of conducting payments and bank business have been developed since the early days of the Internet; Credit cards, direct debit cards, and e-money transactions are widely accepted and increasingly popular. However, all these payment methods require two things: banks and a regulated currency. With the emergence of blockchain technology, new payment methods have evolved, which claim to make banks and regulation unnecessary. What are these crypto-currencies, what are their benefits, and do they really have an impact on the banking and financial world? Daniel Groß, Attorney at Law, DWF Germany, Cologne, explains.