With the rise in publicity of cryptography and the blockchain technology, investors, companies, corporations and other key sectors like banks, hospitals, pharmacy, cloud and data storage etc are tilting towards adopting the blockchain technology.
According to a statemens by the IMF in recent times shows support for crypto currency proliferation globally.
Rapid advances in technology, from cryptography to artificial intelligence, are transforming the competitive landscape in financial services. Fintech firms might be able to provide better services and respond to customer needs for security and privacy.
Therefore, traditional cross boarder transfer of funds is gradually waring out as the blockchain has become a safe heaven to many due to an average transaction fees charges, absence of tax and utmost privacy is we can see in Monero (XMR) and Verge (XVG).