Seeking Alpha
2022-02-13 15:21:00

Blockchain makes inroads in investing, mortgages, payments, execs say

Blockchain technologies offer financial companies and their customers speed, efficiency, 24/7 execution, and cost savings, several financial firms pointed out in their Q4 earnings calls. WisdomTree Investments (NASDAQ:WETF) Founder and CEO Jonathan Steinberg sees blockchain technology becoming ubiquitous in payments and financial services. "It's the convergence of blockchain technology with universal smartphone ownership and tokenization with smart contracts that will effectively blur the lines between savings, payments, and investing, fundamentally changing the way consumers view and interact with their own money and assets," he said during the company's Jan. 28 earnings call. Specifically, the company's WisdomTree Prime, its upcoming digital wallet that's native to the blockchain, "will bring the look and feel that users are accustomed to from traditional mobile apps, while at the same time offering the benefits of the digital financial services experience built on DeFi principles," Steinberg said. WisdomTree Prime will be launching its beta test in select

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.