List of Businesses that are supporting the Crypto Industry

In the beginning, there was a shortage of ICOs as the blockchain technology itself wasn’t the greatest. When the public understood the potential of the platform, a new wave of ICOs came onto the scene and changed how the industry is run. Starting in late 2017 and spreading into 2018, these have included a lot of ventures looking to make an impact on the crypto market with innovative solutions and technologies. Among these new players is a new startup from U.S. that has plans to use decentralized storage to power a blockchain protocol. Then, there’s the innovative company that looks to be offering low-cost financing and other financial services that would greatly improve the current state of the blockchain industry like Bitcoin, and digital yuan.

Venture Capital

Perhaps the biggest impact that cryptocurrencies have had on the investment and entrepreneurship world is through venture capital investment. Within the last few years alone, we have seen the likes of Andreessen Horowitz and Ribbit Capital put hundreds of millions of dollars into startups. The big idea that was a good basis for these investments is that the value of cryptocurrencies themselves is not high enough for many investors to gain a true profit. However, the startups that operate on the side of cryptocurrencies do indeed provide investors with a return, although it is a fraction of the profits that they would have made by investing in bitcoin.

 

Legal Industry

When it comes to blockchain, a lot of those interested in it have their eyes on the legal sector. With cryptocurrencies getting legal treatment in a lot of different places, there is a lot of talk about them being able to become a legitimate form of currency, offering a solid alternative to fiat money. By 2026, blockchain could see more lawyers being involved in the field than ever before, giving the crypto space a huge boost. This means that many lawyers who have previously put legal guidelines in place for other industries are now focusing on blockchain. Real Estate is one of them while a lot of people are already making use of the technology within the real estate industry, the future is not going to be as sunny for them as it is for other industries.

Insurance

Insurance and investment firms have been helping to grow the crypto industry for some time now. The growth that we have seen over the last year and a half has been huge, with many people seeing the benefits that crypto can offer. If you have invested in cryptocurrency over the last few years, then you will already have seen a good return on your money. In a time where many insurance companies have been refusing to offer cover to crypto investors, this will only increase the amount of people wanting to get into this kind of investment. It is also something that can help in a number of different ways. Crypto can also help to reduce the amount of money that people pay out in insurance payouts.

Banking

On the 29th December, the Central Bank of India announced it would be supporting a new exchange, which would be regulated by the RBI and the Financial Intelligence Unit of India. This is big news as the exchange has recently announced a record Aussie dollar (AUD) of almost AUD $32 million (USD $23 million) having worked hard on its operations. The exchange will be very popular with a focus on India and that is going to bring up its market. On January 15, 2019, Uphold announced a partnership with ANZ. This partnership will see ANZ bank becoming an Uphold partner in Australia and New Zealand, meaning all ANZ customers will be able to purchase and hold cryptocurrency on their Uphold account. This follows similar partnerships that Uphold have with credit unions, such as VISA and World line.

Conclusion

While the crypto industry is starting to become more mainstream, it is not likely to be going anywhere anytime soon. For anyone considering launching a cryptocurrency exchange, there are a number of benefits to offering a platform. It can help a company to gain a foothold in a new market and start to see some real success in the long term. While there is a risk that a company could lose a lot of money, those that start before the hype dies down have a real chance of succeeding. For more information, visit YuanPay Group today.