New Study from GIA Reports an $8.7 Billion Global Market for FinTech Blockchain by 2026

A new market study reported by Global Industry Analysts Inc.(GIA), the premier market research organization, titled "FinTech Blockchain - Global Market Trajectory & Analytics", highlights the updated outlooks on opportunities and complexities in an essentially changed COVID-19 marketplace as well as states that global Fintech Blockchain Market is expected to reach US$8.7 Billion by the Year 2026.

Blockchain technology is significantly advancing the activities in several sectors, especially the financial services sector. The inclusion of blockchain in fintech is emerging as the most encouraging technology blend that has possibilities of transforming the fintech industry. Fintech blockchain, the finance technology incorporation of blockchain technology, provides solutions, software, among several fintech blockchain services being utilized by organizations to achieve improved and automated finance solutions.


An increase in the requirements of the global fintech blockchain market can be due to several factors including growing customers’ willingness to own and invest in bitcoins, increasing need for less expensive, speedier, cross-border payment systems; improved compatibility with ecosystems in the financial services industry; and the raising necessity for thorough security instruments. Apart from this, the market is also likely to witness increasing growth during the pandemic as several legal authorities develop fintech blockchain facilities. The global pandemic was a great disaster for many industries in terms of finance, encouraging many sectors to consider digitization to make resilience. Since the information that is inserted into supply chains is not accessible to clients and is not reliable, more and more companies are adopting blockchain solutions for essential financial transactions. 

Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/new-study-from-gia-reports-an-8-7-billion-global-market-for-fintech

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