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What is Financial Technology (FinTech)?

Crypto Terms Glossary: What is Financial Technology (FinTech)?

Financial technology (FinTech) is an emerging industry that improves the existing structure of conventional financial services by leveraging new technological developments. FinTech generally aims to lower costs, improve transaction times, remove minimum thresholds, bolster financial inclusion, and offer more flexible terms on financial products among other initiatives. Blockchain and cryptocurrency can be considered a category within the FinTech sphere.

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