December 13, 2017
It was a big year for FinTech in 2017 – and 2018 is shaping up to be every bit as exciting. Here are some FinTech predictions for 2018:
Many records were broken in 2017 by Bitcoin and other cryptocurrencies. Not only did they achieve record high prices, they also generated a lot of public awareness and interest. Expect this to continue in 2018, with potential institutional investors announcing crypto investments or launching crypto funds, plus some of the incumbent service providers, from brokers to banks, entering the space.
Look out for many new innovations in the retail space as well. Despite the numerous ground-breaking features of cryptocurrencies or ICOs, investing in them is still not very user-friendly. And the safekeeping of private keys requires even more experience. For example, while you can always regain access to your bank account if you lose your bank’s PIN, your crypto-assets are lost forever if you lose your private keys!