Blockchain technology, which underpinned cryptocurrencies, was highly secure and tamper-proof, making it ideal for financial transactions.
Traditional banks were losing market share to newer, more innovative fintech companies due to their slow adoption of new technologies.
The ease of use and convenience of a new fintech startup platform helped increase the popularity of cryptocurrencies and everyday transactions using them.
The financial industry was rapidly changing, and those who embraced innovation were able to help shape its future.