Encryption and wallet services are vital for developing economies

Obligation of students for the opportunity to take the vital financial services exam, free prep course

“The time is ripe for entrepreneurs, especially in emerging countries, to make a decisive judgment as to where to channel their capital,” remarked Chowdhury.

Blockchain pioneer, keynote speaker, and HashCash Chief, Raj Chowdhury clarifies why there’s a critical requirement for crypto trade and wallet services in arising economies. Most evolving economies of the world are overflowing with political or socio-economic emergencies that further pull at their cash esteem. This moment is an opportunity when the worldwide populace is broadly acquainted with the immensity of possibilities presented by cryptocurrency. The aim of instrumenting the advanced cash as a “wedge against inflation” is obvious to the young.

“The sweeping victory of digital currency in the face of stiff opposition and conservative views point to a gulf of opportunities presented by the fintech sector.” Cryptocurrency exchange and wallet service occupy the top rungs in terms of ROI that entrepreneurs across the globe are reaching for.

“When the rate of crypto adoption scales, as it has in some of the struggling nations of Africa,” continues Chowdhury, “there is a certainty of generating specific demands. A crypto wallet and exchange service are crucial for holders’ secure storage and easy liquidation purpose.”

Tedious as the task may sound, a crypto asset exchange may be easily set up without passing through the developmental ordeal. White label crypto exchange software and wallet software can be purchased at reasonable pricing. This should enable entrepreneurs to focus on just the marketing part of the business.

Raj Chowdhury heads international blockchain development company HashCash Consultants and global cryptocurrency exchange Paybito. He has recently been open about his views on smart financial planning by young crypto experts. Prior to that, he has spoken up against countries trying to prohibit cryptocurrency. He has also emphasized the right balance of public and private cryptocurrency to bring about the true benefits of a decentralized economy.

Identifying the right investment channels at the opportune hour often defines the route of economic growth of nations. Right now, the clock ticks for cryptocurrency. There can be no better time for entrepreneurs to dive into a crypto startup.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Magawa, Cambodia's landmine-sniffing 'hero' rat, dies in retirement
Magawa, Cambodia’s landmine-sniffing ‘hero’ rat, dies in retirement
“Magawa was in good health and spent most of last week playing with his usual enthusiasm, but towards the weekend he started to slow down, napping more and ...
I cannot recommend Wheels Up as it is not profitable
I cannot recommend Wheels Up as it is not profitable
Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market. Wheels Up: “I like Kenny Dichter very much, but I am not ...
Idaho Health Insurance Enrollments Suspended – Another Domino Effect of the Pandemic |
Idaho Health Insurance Enrollments Suspended – Another Domino Effect of the Pandemic |
“We created a little bit of a perfect storm,” said Pat Kelly, executive director of the Your Health Idaho insurance exchange. About 8% of enrollments were ...
A UK court has ordered Vijay Mallya evicted from his London home over an unpaid loan
A UK court has ordered Vijay Mallya evicted from his London home over an unpaid loan
The 18/19 Cornwall Terrace luxury apartment overlooking Regent’s Park in London, described in court as an “extraordinarily valuable property worth many tens ...
The Hut predicts slower growth after earnings miss estimates
Brexit grants $228bn boost to Irish banks’ balance sheets
Since the Brexit vote in June 2016, Citigroup Inc., Barclays Plc and Bank of America Corp. have all set up or expanded units in Ireland that fall under the ...
Citigroup recruits 5,500 young employees in Asia ahead of 2023 target
Citigroup recruits 5,500 young employees in Asia ahead of 2023 target
Asia Pacific is home to more than half of the world’s youth population, estimated at 700 million people. They accounted for almost half of the region’s ...
Cohen Veterans Bioscience presents Voices of Veterans webinar to mark 'Mental Health Action Day' on May 20, 2021 |  national news
McLeod Health Foundation Receives Mobile Mammography Grant | local news
“Providing convenient access to medical care and screening supports our communities and can save lives,” said Mike Brenan, South Carolina, Regional ...
Activision Blizzard to be acquired by Microsoft, bringing Call of Duty, Warcraft and Overwatch to Xbox One
Activision Blizzard to be acquired by Microsoft, bringing Call of Duty, Warcraft and Overwatch to Xbox One
According to the Xbox blog post, both companies will continue to work independently until the deal is closed. Interestingly, Spencer states that Xbox will ...
A jump in Treasury yields has hit equity markets, particularly in the tech sector
A jump in Treasury yields has hit equity markets, particularly in the tech sector
The dollar hit a six-day high following the jump in Treasury yields, while inflation fears were bolstered as crude prices rose to their highest since 2014 on ...
Qarmatek Raises $3M in Financing Round Led by GVFL and Caspian Debt
Sri Lankan bonds face turmoil as focus shifts to July payment
President Gotabaya Rajapaksa said in a speech to parliament on Tuesday the country cannot adequately import its needs without raising foreign-exchange ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo