Cryptocurrency and IoT are a lethal combination of two new technology trends. Cryptocurrency, also known as the currency of the Internet, is a new trend while on the other hand IoT has been in the block since the past 25 years or more, but gaining momentum now. Before digging deeper into the details of the topic let us first understand the technology involved.

Blockchain Technology is one of the crucial inventions in the field of technology. During the last few years, there was much hype on the Bitcoin and Cryptocurrency. But blockchain is a different story. Blockchain technology is one of the best known for behind the invention of Bitcoin, but several industries are gaining unparalleled benefits from this technological invention. Before we take a look at the sectors and companies experimenting with these technical benefits, let’s break down this technology, so we are all on the same page.

Financial Technology, also known as FinTech, is used extensively to describe net technology that improves and automates the delivery of finest financial services to all the businesses and corporates. FinTech or Financial Technology is used to help companies or corporations manage operations, financial processes, back end processes, and lots more. These all can be done by using specialized software, algorithms, and other elements. These elements are used on computers, laptops, smartphones, and every gadget. In general terms, FinTech is a word combo of Finance and Technology, and it is known as Financial Technology. 

Blockchain is transforming everything! Be it payments transactions or how money is raised in the market, this life-altering technology is reshaping our world.

The transfer of attitude within the market toward cryptocurrency and stable coins is commendable. Years since its beginning gain in popularity found are immense throughout the financial sector. This has enforced recently many big names approving digital bond offering from bitcoin and selecting stellar as its preference for blockchain in the security token system. In March 2019 IBM too has announced the launch of its digital token system along with Stellar.