New York, October 6, 2020 (INSIDER MONKEY WIRE)-- Fintech is becoming a fast-growing industry in the world today. The term is an amalgamation of the words "Finance" and "Technology" and it is associated with any business that uses technology to enhance or automate financial services and processes. As an industry, Fintech is becoming increasingly beneficial to both businesses and consumers.
In recent years, blockchain have enabled major strides in the financial technology (fintech) industry. Blockchain offers faster, cheaper transactions which are more secure and have permanent records. Blockchain also has the potential to dramatically reshape the capital markets industry with a significant impact on business models, reductions in risk and savings of cost and capital.
While AI technologies are helping financial institutions to save billions in costs incurred in service costs and also have streamlined the data analysis process. Blockchain is lowering the cost of transactions while allowing for a faster, more secure financial transfers and also by simplifying the way financial contracts operate.
For the past few months, one domain which is in talks in the crypto space is Decentralized Finance (DeFi) and all eyes are focused towards the development of a DeFi product that can decentralize the digital economic system. Decentralized Finance in its simple sense, is basically the merger of traditional banking services with decentralized technologies such as cryptocurrencies and Decentralized Applications (dApps). In a more technical sense, it refers to the amalgamation of all the decentralized products and services like digital assets, smart contracts, protocols, and applications.
Decentralized Finance is trying to advance the principles of self-sufficiency as it is aiming to create a financial system that is open to everyone and it does not ask its users to place trust in it. This “trustless” functionality of DeFi is its main aspect. It allows everyone to take the charge of their assets and investments and have direct say, as to what needs to be done with it. As the Interest in DeFi continues to grow, various platforms are starting to integrate it into their businesses and millions of investors are now taking a keen interest. One such investor is Korean Millionaire Investor Lee Byung Kwan, who has invested into a Fintech Decentralized Finance, Bullswap.
Lee Byung Kwan became a millionaire 10 years ago through his various investments in real estate and finance. After venturing into an investment with Bitflyer Japan and Cryptocurrencies, he became officially ranked among the world's top super-rich investors with over $20 million worth of assets. Kim Byeong Kwan's total assets are currently estimated at over $250 million dollars.
Kim has also invested in a series of Fintech companies, including the trading Exchange network Bitflyer JAPAN & Bitflyer KOREA and a strategic cooperation relationship with more than 30 of the largest technology and financial investment funds in Japan & South Korea, with more than 1,800 major investors from 16 countries.
He is known to have special love with new technologies as he has invested in 12 technology projects in the last 10 years, with his investment spanning across technologies such as biotechnology (Bio-Tech), Finance Technology (Fintech), Artificial Intelligence (AI), Internet of Things (IoT) and Blockchain.
Bullswap, the Decentralized Finance Exchange in which Lee has invested in and is also the founder and CEO, is a platform that is set to become a pioneer Building the future of cryptocurrencies trading and Internet of Things (IoT) into digitalization & security of financial assets, to optimize the speed & performance of financial transactions and connect infrastructures with a network of Fintech. The Decentralized Finance introduce a Digitalized Asset Protocols that will help it become a pioneer in Asia, especially in Southeast Asia, to ensure the absolute safety & security for all assets, investments & financial transactions on its platform.
Bullswap will help hundreds of potential FINTECH technology projects that are qualified to find liquidity, as well as yield millions as high-profit for investors, thereby creating a community & global-scale
DeFi Technology ecosystem
Bullswap will indeed be a force to reckon with in Decentralized Finance Exchange as they offer so many features that will help them last longer in the game while causing problems for competitors. Its enhanced security features and decentralized nature are one of its strengths and as Lee Byung Kwan said, "Bullswap will be building the future of cryptocurrencies trading in the global Financial Technology (Fintech) industry within the next 5 years."