Eight fintech companies that are redefining the money transfer space

Eight fintech companies that are redefining the money transfer space

The COVID-19 pandemic has sped up the transition to a digital and cashless society, leading more people to become reliant on as a means to manage their money. The cryptocurrency space in particular has seen tremendous growth since the start of the coronavirus—but some are still catching up to this trend. In an October 2020 survey from FICO, just of US adults said they currently hold cryptocurrency assets. Meanwhile, March 2021 data from Measure Protocol pointed to cryptocurrency's opportunity: nearly two-thirds ( ) of mobile phone users in Great Britain and the US said they were at least somewhat likely to invest in cryptocurrency in this year. As customer interest grows—and more online start-ups join the space—companies will have to differentiate themselves and adapt to expectations in order to achieve long term success. Insider Intelligence has put together a list of the top markets, currency, and exchange companies—including Ripple, Kraken, and Coinbase. We delve into what has led to their growth, and what it means for the future of financial services. Ripple and its cryptocurrency XRP have become increasingly popular due to its ability to move money as quickly as information is exchanged today. Originally called OpenCoin, the company was