Welcome to the Fintech Age: How Digital Currency Is Transforming Payments

Welcome to the Fintech Age: How Digital Currency Is Transforming Payments
Entrepreneur
12/24/2020
© metamorworks | Getty Images
We are officially in the fintech age. The shift to digital payments has only accelerated amid the pandemic, and if you've been following recent trends, then you know the rise of Bitcoin and other digital currencies into the mainstream is having a profound impact on financial systems and how they function across the globe. 
According to analysts, one of the main reasons central banks have yet to embrace cryptocurrencies is because of the threat it poses to their own agenda with government-issued currencies. However, the technology behind digital currencies is real, and people are increasingly shifting from traditional ways of making payments to digital currencies due to the speed and ease they provide. While many are still on the fence, the price of Bitcoin has hit an all-time-high of almost $20,000.

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