The growth of a tech influencer : Matthew Najar
Matthew Najar or the growth of a crypto technology leader? Governments in major economies are encouraging financial technology (fintech) innovation with regulatory and advisory initiatives designed to accelerate the availability of online payment solutions and other financial services for businesses. The initiatives generally aim to attract innovative fintech companies and help them operate in the regulated financial sector, while ensuring adequate financial protection for customers.
Matthew Najar believes without new FinTech initiatives, we will stall: “FinTech, blockchain certainly included, is critical for our generation to solve inherent financial system issues and progress forward”.
The U.K. has also been encouraging fintechs in other ways, and other countries including Australia and the U.S. are adopting some of the same approaches. For example, the U.K. Financial Conduct Authority (FCA) operates an “innovation hub” designed to help new and established businesses from the U.K and other countries introduce innovative financial services. The hub provides a dedicated team that helps fintechs understand the regulatory regime and apply for authorization to offer financial services; its role also includes identifying areas where the regulatory framework needs to be adapted to enable further innovation.
National banking licenses would increase fintechs’ ability to operate across the U.S. without requiring state-by-state permission or partnerships with established banks. This could increase competition in banking and also make it easier for technology firms to offer new online payments solutions or other services. In a speech, Thomas J. Curry, the OCC’s chief officer, listed three reasons for moving forward with the long-discussed plan to issue a national charter for fintechs. First, it’s in the public interest to make new innovative services available. Second, fintechs should have the opportunity to become national banks if they wish to do so. And third, it helps ensure that all financial institutions operate on a level, nationally regulated playing field. As Curry pointed out, the reality today is that many fintechs are already competing with national and state banks — but “without regard to any of the national bank responsibilities and under a patchwork of supervision.” The agency said it would collect public comment before moving farther.
Are Cryptocurrency wallets secure? Wallets are secure to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and the service provider. A web server is an intrinsically riskier environment to keep your currency compared to offline. Online wallets can expose users to possible vulnerabilities in the wallet platform which can be exploited by hackers to steal your funds. Offline wallets, on the other hand, cannot be hacked because they simply aren’t connected to an online network and don’t rely on a third party for security.
Though many experts agree that the OCC’s move could encourage innovation, some warned that implementing inadequate regulation might weaken consumer protection and even harm small businesses by allowing practices such as predatory lending. The EU has also begun an effort to encourage fintech innovation across Europe, establishing a Financial Technology Task Force in 2016.
They are one of the safest and most reliable means of payment. In a world where there are a lot of scammers and looters, we all need to trade in the safest way possible. The cryptocurrencies provide us with that security that makes them an important source of investment now and in the future.
Signing up for a Coinbase account is easy, though you will need to provide some form of identification. That may involve sending a copy of your photo ID and potentially also sending a live image of your face using a webcam. These rules are important to follow as they allow the site(s) to comply with ‘know-your-customer’ regulations. Although Coinbase alone will allow you to buy and sell Bitcoin, it’s also worth signing up to its linked exchange platform, Coinbase Pro, which will give you greater control over your purchases.
Now, I know this may sound obvious but it’s important for you to have a clear purpose for getting into cryptocurrency trade. Whether your purpose is to day trade or to scalp, you need to have a purpose for starting to trade cryptos. Trading digital currencies is a zero-sum game; you need to realize that for every win, there is a corresponding loss:. Someone wins; someone else loses. The cryptocurrency market is controlled by the large ‘whales’, pretty much like the ones that place thousands of Bitcoins in the market order books. And can you guess what these whales do best? They have patience; they wait for innocent traders like you and me to make a single mistake that lands our money to their hands due to avoidable mistakes.
Speaking of the last few points, realize that crypto tends to be pattern based and tends to go in cycles. See “the cryptocurrency rotation” and “market cycles” for an in-depth look at what this means. You want to be in a coin before it starts its rotation, and then laddering out as its rotation ends. Likewise, in a perfect world you want to be in for the bull part of a market cycle, and out for the bear part. Near impossible to spot these trends in advance, but with experience you should be able to spot them as they occur and manage your positions accordingly.