Financial institutions need blockchain
Today world passes through the most active phase of globalization, which helps humanity to develop faster than ever before, but there are some massive issues that we can face today and the enormous fees is the worst among them.
Let me clarify: I understand that banks and other financial institutions need to earn money, but they may find some different ways besides of increasing commissions and payment delays. This strategy may work out several years ago, when blockchain revolution had only started, but today there is no way of winning the competition in such way.
Many of banks are rapidly trying to implement blockchain in their systems, but it seems to be too late, because there are so many alternative payment methods on the market and vast of them can offer ordinary users much better terms. And cooperation between newborn and traditional financial tools may be the only way to save the world bank system or bring it to the new level of development.
Looking for opportunity
Ethereum seemed to be the best option for banks, because it is popular and reliable, but they did not managed to create a proper plan and the consequences did not take long to wait: price of single transaction now require a lot of gas and ETH price is keep on growing. For example, when Nexty performed its ICO, 1 ETH worth 400 dollars, while now it is very unstable (from 500 to 650 dollars during last month).
The next step was looking for alternative blockchains, and, gladly, there are a lot of new decentralized fintech solutions, but most of them are dying slowly because of tough competition, impossibility to execute all the previous promises or slow growth of token rate. Fortunately, I invested in Nexty, which keeps on developing and providing new features.
Fintech solution with long-term prospect
Almost every team says that their project is the best, but only several of them may prove it, and the Nexty Team is exactly one of them. I was impressed by the idea of zero-fee payments, but I also had some doubts about its technical implementation. It was the first time, when I realized that it is not necessary to pay the miners every single time, because you can do it only once a week or once a month.
I need to mention that idea of Nexty would not worked out in case, if the mining was not so popular as it is. Too many people bought hardware and most of them was clever enough to understand that chance to get one single Bitcoin is too low and they need to look for new opportunities. This moment was predicted and used by the Nexty, which is keep gaining popularity among miners.
As platform community growth, more and more people understand that there is no need to pay any commissions while you are using NTY as the payment method. This is the dawn of the fees era and I am extremely proud to be part of it!
Website: https://nexty.io/
Whitepaper: https://nexty.io/nexty-whitepaper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=2498919
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Author of article (profile btt) jayendo - https://bitcointalk.org/index.php?action=profile;u=386783