Cryptocurrencies may be settled by SoFi

Previously, the cryptocurrencies were considered an asset for specialists only. An object of worship developed by a community of enthusiasts of the security and the cryptography. However, this vision is rapidly changing. And the criptoactivos are being accepted as part of the economy of our countries. Including the companies that surround them as the exchanges.

The role of the cryptocurrencies in the economy

Every day there are more the roles of the cryptocurrencies in our economic life. Making it more agile processes that until yesterday were extremely complex. Or serving as an alternative to traditional assets. So, for example, the Bitcoin each time gaining more ground as asset book value, compared to others such as the dollar and gold. Therefore, the price of BTC would not have a direct relationship with the state of the international markets. That is to say, even when the markets fall, the Bitcoin does not. Perfect for investors who wish to protect their money in times of uncertainty. In addition to this, in the sector of international recruitments, the cryptocurrencies also stand out. With chains of blocks as the of Ethereum, being the basis for the development of smart contracts, or contracts smart. Allowing it to conduct business between people and organizations. Guaranteed not by the power of the State, but by the code of the contract. Finally, another important example of this market penetration on the part of the criptoactivos is the XRP. A criptomoneda that more and more every day, are creating mechanisms to facilitate the execution of international transactions. Reducing the waiting time from several days to seconds. And going down the high commissions per transaction to a minimum. All of which, has driven large traditional companies such as JP Morgan and Wells Fargo, decide to join the crypto world. Launching their own cryptocurrencies for the execution of transactions in their organizations. And creating chains of blocks with which to create innovative financial products.

Cryptocurrencies regulated

A similar process has been experienced in the area of government. Where the regulatory authorities are more open to admit to the cryptocurrencies as a reality. The process of updating their legal frameworks, to support the creation of business around these assets in our economy. For this reason, we are not surprised that SoFi, a technology firm financial located in California. Has obtained a license from the Department of Financial Services of the State of New York. Which would allow the realization of operations with cryptocurrencies within this State. So, from now on SoFi will be able to settle with a total of six virtual currencies: Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin and Stellar. What would like the States can take advantage of the cryptocurrencies as a boost to their economies. Instead of taking them as enemies. What makes this the entry for the Day here in CriptoTendencia. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.

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About the author

Caroline W.

Caroline W.

Caroline is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2018, she joined CurrencyMarket24 as a writer.