The Crypto Industry is Becoming Costly to Ignore

From the onset of the crypto industry, traditional financial institutions treated cryptocurrencies and blockchain technology with skepticism. However, the industry’s technology has evolved in just under 10 years, bringing disruptive products to the finance industry. Now, these centralized institutions can’t keep their eyeballs off the crypto industry as they scramble to learn how best they can leverage the technology for their operations. It is proving too costly to overlook the crypto industry.

Reluctant Institutions Waking Up

Most governments displayed arrogance regarding cryptocurrencies, some even banning them in their countries. However, some central banks have retracted and are exploring options for the technology. Some governments are keen on developing policies to create regulatory frameworks around the industry.

Top financial institutions including banks and other financial corporations often viewed the industry as volatile and one with too many risks not worth taking. Currently, corporations are speedily adopting blockchain technology. Some firms are setting up their systems to start accepting cryptocurrencies as payment. Others are investing in digital currencies as alternative sources of revenue.

Lately, publicly traded firms, like Tesla and MicroStrategy have invested in Bitcoin. Major banks like Deutsche Bank and BNY Mellon are adding cryptocurrency services to their operations. Payment processing firms, PayPal and Square recently added support for cryptocurrency services on users’ wallets.

Counting the Cost

Many institutions getting started on blockchain products may have reacted fairly late to the opportunities they would have had. Despite counting the cost of these missed opportunities, it’s better late than never for them.

Some institutions (and individuals too!) remain suspicious of cryptocurrencies, and they could miss out on even more opportunities that blockchain presents.

The crypto market has grown too big. Shrugging it off means several missed opportunities to decentralize your finance operations, expand your payment options, create decentralized applications among many other possibilities.

Cryptocurrencies are going mainstream and the time to embrace is now if you haven’t.


Over the last decade, the significant growth in the global economy has given the previously excluded people traction in the formal economy. Still, billions of people are insufficiently provided with banking and payment services – the underserved businesses and individuals who need to get a foothold and to be financially empowered.

In recent years, financial inclusion has been top-of-mind among institutions and companies through the continuing development in finance technology. Innovations in online payment services have changed the game, with a variety of the best payment solutions now available even for individuals and small to midsize businesses.

The evolving finance technology innovations are driving advancement across communities, affording them more time to run their businesses more efficiently. New financial habits and standards are created which now allows individuals to have a hands-on role in managing the financial well being of their businesses.

Paytah Payment Solutions, one of the top payment service providers in Europe, uses cutting edge financial technology applications. Paytah is a participant of the European Payment Council and is a user-friendly, cost-effective and crypto-friendly payment service alternative. It is also the first finance institution to offer IBAN (International Bank Account Numbers) running on blockchain.


Supporting the crypto revolution is part of Paytah’s core value. It is an important milestone in the company’s quest to taking banking experience to the next level which even the underserved businesses can now access and appreciate.

Trends in finance technology have influenced the progress in communities where transparency and accessibility to funds were previously deficient. With the

advancement in finance technology, the underserved enterprises now have access to digital platforms that provide low-cost payment solutions whilst owners have the chance to restructure and modernize their company’s activities to further grow their businesses.

For more information on Paytah, visit

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Paytah Payment Solutions (Phoenix Payments Ltd) is a fully licensed financial institution regulated by the Malta Financial Services Authority (MFSA). It has passported its activity to all 28 EU and EEA member states. PAYTAH operates under the legal framework of the European Payment Services Directive established to provide safer and more innovative payment services across the EU.

Top 10 crypto projects – Second Semester 2019

  1. BNB (Binance coin)

With the popularity that this issue has managed to address across the globe, it is expected that many people without knowledge of cryptocurrencies will begin to inquire about the best way to start investing, and one of the most prevalent thanks to the platform that supports it it’s the Binance coin.

Not only that when you take advantage of the platform you get a discount, but also the transaction fees are guaranteed, which is quite attractive.


  1. XRP (Ripple)

Although the price may look quite low, this does not define at all the characteristics that this altcoin can provide, due to its principle which works slightly different from the other cryptocurrencies.

Ripple was created to finance large institutions, and with the popularity recently taken in Asia large movements are expected.


  1. EOS

Although Ethereum has been highlighted as one of the altcoin with enormous technological advances, EOS has taken giant steps to make itself known in the market, with the ease of not necessarily possessing programming knowledge to understand the functions of it, together to the use of different tools and numerous other services.


  1. BTC (Bitcoin)

While you can hear predictions about possible declines in this altcoin, its popularity cannot be underestimated at all, being the most outstanding in the current market can bring great surprises throughout the second half of this year.


  1. XLM (Stellar)

This crypto has become quite important, both for its integration with smart contact protocols and also for the financial service with large corporations, there are quite a lot of expectations in this regard.


  1. IOTA

Being one of the well-known decentralized currencies in the market, there are expectations that IOTA can generate significant changes in the remainder of 2019, thanks to its scalability in transactions and that it is simply modular.


  1. ETH (Ethereum)

The top 2 of the most recognized crypto cannot simply be inconsiderate from this list, being one of the most invested by large blockchain institutions, its power in the market and in the different organizations and their hands subject to it make known what can contribute globally.


  1. LTC (Litecoin)

This is an interesting and one of the best long-term altcoins to invest. Litecoin is ready to become the next peer-to-peer payment facilitator, with the fastest and most efficient block processing speed that sustains impacted miners, this crypto has a much more decentralized work test algorithm than Bitcoin.


  1. XEM (NEM)

Not for nothing is it marked as one of the next peer-to-peer in payments and transfers, but NEM in its addition is generating quite a lot of noise in the Malaysian market, with its collaboration towards government institutions, security and technology, and its outstanding approach to business customers.


  1. TRX (Tron)

Recently, this altcoin has acquired BitTorrent, which allows the development of different disconnection methods in safe and decentralized torrents for the future. These innovations can facilitate the spreading of files over a network, and collect them for users to download.

Tim Draper to invest in FBs crypto project

The latest report reports claim that Facebook is looking for VC companies to invest in its crypto projects and the plans are to raise $ 1 billion, says NY Times reporter Nathaniel Popper. It was reported that they had already hired 30 people so far to work for the division of David Marcus, the formal […]