Before working extensively in the financial technology or Fintech space, I was deeply involved in the crypto and blockchain space for years. After writing about and interviewing some of the top players in Fintech, I discovered there’s an obvious overlap between crypto and the financial tech sector.
It’s all about terminology, well somewhat at least. You see, there are huge companies like Revolut which notably raised $500 million recently at a $5.5 billion valuation. Oftentimes, these companies are already offering some type of crypto-related services. In the end, everyone wants to build sustainable businesses to maximize profits.
By limiting ourselves to one area, such as Bitcoin (BTC) only, and thinking that there’s no other useful project out there, like BTC Maximalists do, we are basically denying ourselves the opportunity to realize huge potential gains (both financially and in terms of education).
Did you know that JPMorgan, the world’s sixth-largest bank in terms of assets, had a super informative webcast yesterday which I listened to gain valuable insights. Yes, silly BTC maximalists or crypto anarchists love to criticize banks, and might have some valid points, but nobody is perfect. We must not shut our brains off when there are great developments going on around us.
Crypto and Blockchain are just a part of Fintech. And for you to understand the true potential scope and nature of the global financial revolution, you must gain a deep understanding of as many projects as possible.