Sohail Fintech

Cryptocurrency has grown in popularity and value, attracting investors, entrepreneurs, and regulators i n recent years . But what are the financial industry's impact of cryptocurrency? What impact does it have on traditional financial institution operations and roles, markets, and policies? Based on the most recent research and analysis, we will look at some of the primary consequences of cryptocurrencies on the banking industry in this blog article.   Cryptocurrency is a digital asset that uses cryptography to secure transactions and control the creation of new units. It operates on decentralized networks of computers that keep a shared ledger of transactions known as a blockchain.   One of cryptocurrency's most fundamental impacts is that it provides an alternative to fiat money, which is issued and controlled by central banks and governments. Users of cryptocurrency can store, transfer, and trade money without the assistance of third-party intermediaries such as banks, paym...