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Cryptocurrency Gaining Steam And Disrupting Different Industries

By Matei GavrilCryptocurrencyApr 05, 2019 02:02PM ET
www.investing.com/analysis/cryptocurrency-gaining-steam-and-disrupting-different-industries-200404382
Cryptocurrency Gaining Steam And Disrupting Different Industries
By Matei Gavril   |  Apr 05, 2019 02:02PM ET
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Blockchain technology and its cryptocurrencies digital coins are having a transformational effect. For example, Columbia University is hosting an International IBM-sponsored Blockchain Summit. In addition, Turbo Tax has just partnered with a CryptoTrader, so cryptocurrencies are gaining attention and interest from different sectors of the industry. Streamex is a newcomer onto the scene and gaining international appeal from traders from across the globe.

“As governments around the world lay the foundation for regulation, exchanges should be prepared for a mass influx of users with diverse demands.”

The attractiveness of the Streamex platform is its cross-platform trading. This means that the service can serve web-based trading clients, Android native clients, iOS native clients. Therefore, the cryptocurrency space is diversifying as far as offering a compatibility-based platform for all.

To create an international and cultural force, Streamex has assembled an diverse community. In other words, the platform houses traders from around the world and the crypto-based site supports the following languages: Chinese, Japanese, French, Russian, German, Arabi, Korean, Spanish, English, and Portuguese.

According to Investopedia, cryptocurrency is a digital or virtual currency that utilizes cryptography to protect information. One of the hallmarks of cryptocurrency-based services is that they are not centralized. Meaning, that they are not run or administrated by a central authority. Coincidentally, the platforms are theoretically immune to government interference or manipulation.

“The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. Today, there are thousands of alternate cryptocurrencies with various functions or specifications.”

From inception of Bitcoin, other platforms have come to try and replicate the success of this digital currency or digital wallet. Transactions that take place on this platform are carried out as Streamex digital coin (STE). It so happens that the digital currency runs natively on the Ethereum blockchain with an ERC of 20 coins. There is a cap or a limit on the number of STE units of coins that can be created.

One of the ways to know if cryptocurrency is here to stay is to examine what is happening within this growing community, and industry. As mentioned at the beginning of this text, cryptocurrency is not an afterthought. It is ushering a new wave of startups and it is becoming a disruptive force with segments of the market. To know the state of affairs, looking at the performance of Bitcoin is a great indicator for those potentially interested in investing in this growing movement.

“However, overall cryptocurrency market trading volume spiked back toward $27 billion on Saturday, enabling the bitcoin price to launch as high as $4,137 on Bitstamp before settling back down to a present value of $4,090. Other top tangible resources saw comparable gains, enabling the cryptocurrency market cap to climb above $139 billion,” as reported by CCN.

The platform has gone a step further and provided reliable protections for user informatio. It has also implemented rigorous protocols and a robust infrastructure to offer reliability. One of the difficulties and vulnerabilities of these innovative platforms is that they can be susceptible to hacks. Nevertheless, Streamex has assembled a product that has learned from mistakes made on other cryptocurrency platforms.

Streamex follows the ISO27001 protection banking standard, one of the highest grades of preservation of sensitive data possible today. ISO 27001 (formally known as ISO/IEC 27001:2005) is a specification for an information management system of oversight (ISMS). An ISMS is a framework of policies and procedures that includes all legal, physical and technical controls involved in an organization's information risk management processes.

Streamex.io is a cryptocurrency exchange platform that bridges the gap between novice traders and trading experts by introducing exciting features guaranteed to entice user acquisition and retention.

Cryptocurrency Gaining Steam And Disrupting Different Industries
 

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Cryptocurrency Gaining Steam And Disrupting Different Industries

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