The potential of distributed ledger technology, or Blockchain, to transform financial market is getting more widely recognized. Fintech players across the globe are looking more into Blockchain technology and digital currencies. The scope of development however varies across the regions. While in some regions potential applications are in their infancy, in other parts of the world the application of technology is getting closer for wider implementation. Cointelegraph spoke to Stelian Balta from DinarDirham on what contributes to development of cryptocurrency business. Balta explains: “The major issue for mass adoption of digital currencies is volatility.” Backing Gold trading with Blockchain DinarDirham is a global Fintech company represented in Hong Kong, Kuala Lumpur, and soon in Dubai, which provides Gold and Forex investment solutions worldwide. DinarDirham team has developed a range of services and products which include DinarCoin, DinarDirham wallet, and upcoming DinarDirham debit card. “With DinarCoin, we solved the volatility problem,” says Balta. “Users can now buy digital currency knowing that it will follow the gold price. It’s stable and safe. DinarCoin is backed by the global gold spot price, compared to other digital currencies with prices based on supply and demand, such as Bitcoin. Our mission is to offer financial stability and reliable services.” Another service offered by the company, DinarDirham Wallet, is Blockchain based platform for exchanging, trading or storing digital assets. As Balta said, soon it will become possible to withdraw digital assets from the wallet directly by using the DinarDirham debit card. Company is currently working on the implementation of this new solution. Asian Fintech boom Asia certainly has a competitive edge in Blockchain tech. Fintech startups across Asia raised $2.6 bln in funding only in the first quarter of 2016. Fintech investments in Asia-Pacific have skyrocketed in 2015 — from about $880 mln in all […]
