As we all know, the last few years have witnessed major changes in global economy. With the advent of decentralization, a new form of asset came into being- one that has the potential to replace liquid assets. While banks continue to remain at the core of the financial system, there’s potential threat of these being toppled from a position of imminent power and authority. Big banks such as the Bank of America and J.P. Morgan Chase & Co. have already accepted the fact that cryptocurrencies have to be incorporated by the banking system so as to maintain the status quo. No doubt, cryptocurrencies such as Litecoin discards the need for banking transactions. Neither do you need to open a bank account, nor do you need to pay hefty account fees. Thanks to the Blockchain technology, your Litecoin cannot be hacked by a third party unlike your bank account.
The long-standing debate regarding Litecoin’s association with the banks has come a long way. Many banks have already started to explore the possibility of incorporating the Blockchain technology to ensure speedy transactions at low costs.
On a surface level, banks may seem like a good old option for traditionalists. Global banks have a very good customer base, which far exceeds the recent popularity of Litecoin. Only a few handful are using Litecoin at the moment and the question still remains- can this new cryptocurrency take over the dominance of fiat currencies and become ‘the thing’ in the mainstream global market? There are myriad possibilities that this digital asset has to offer to the consumers and only time will tell if it can replace the traditional banking system in the near future.
The demand for crypto has increased due to rising investments in venture capital. Additionally, the increasing popularity of digital assets such as bi
E-commerce, in simple words, is buying and selling products or services using an online platform. The internet is alre
Mark Cuban June-05-2018
On 29th April 2018, UNICEF Australia proclaimed an initiative which allows a user to hand over his o
There was a time when 10,000 BTC coins would buy 2 pizzas. This was around 8 years back. Now, one
In its past reports, CCN made a note that the 8,200 USD resistance level seems to be a crucial st
Tony Scott May-16-2018
In a meeting with CNBC this Monday, i.e. 14th May, a top-rated policymaker of the US spoke in sup
Jeremy Liew May-08-2018
Sergey Brin, the co-founder of Google says Ethereum mining has assumed an important part in the curr
Tony Scott May-07-2018
The Bitcoin blockchain left its mark in April with the 17 millionth Bitcoin being mined. In case you
Tony Scott May-05-2018
Bitcoin and Ethereum are two world-renowned cryptocurrencies that have led the crypto market and sur
Jeremy Liew May-04-2018
Today, digital currencies are doing kind of things that investors and Wall Street have never seen be
After long, the world’s most popular cryptocurrency, Bitcoin seems to come back. The &lsquo
Mark Cuban May-02-2018
Recently, UNICEF has released a page which will help in making the donation to the Australian bra