Digital currencies and blockchain platforms are by nature in the business of putting financial overlords out of business. If individuals and institutions can transact directly at a significantly lower cost due to the removal of exchange intermediaries, then there is less of a need for traditional Banks and other controllers of the money game. For example, transaction intermediaries (e.g., card networks like Mastercard) — five or more of which are currently required to complete the end-to-end processing of, say, your coffee purchase at Starbucks — are potentially put at risk.
Many financial institutions are sharing the heavy exploratory lifting by funding or joining partnerships to chase and deploy opportunities for individual and joint cost savings, such as with lower inter-bank settlement fees. Over 40 industry consortiums, mostly in the financial arena, are actively exploring blockchain use cases, developing rules and standards, and creating platforms for a range of economic activities including cross-border payments, asset management, and trading. Many of these consortiums serve as a kind of commercial international space station. All participants know that there are advantages to joint exploration and shared costs, but there is also competition at play in a still unexplored environment.
On the institutional investment front, hedge fund managers everywhere are racing to get into the digital currency game. Specialized crypto hedge funds now allow investors to put their money into a pool of existing and new cryptocurrencies. Hedge funds are likely to continue their lead in digital currency investments.
In the highly lucrative business of money transfers, a global leader Western Union does not appear to be overly concerned about blockchain-based Cryptocurrency money movement competitors. Upstarts in the crypto money transfer space advertise lower money transfer fees using bitcoin, but Western Union counters that the ease of use and ubiquity of their existing systems, and lack of customer demand for crypto-based systems, do not offer enough of an incentive to change course.
No doubt some legacy institutions are hesitant to try the new technologies at a time when existing systems still work and are profitable. They understandably want to see how other large companies and startups fare before making significant investments of their own. But the writing is on the wall, especially since startups in the fintech world are nipping at their heels and driving the development of new, innovative solutions.
Another sector facing a real threat from cryptocurrencies and the new funding model they have spawned venture capital. If issuing a token through an ICO can generate millions of dollars in only hours after a new symbol is offered for public purchase (a situation which is not uncommon), startups don’t need to jump through the hoops typically required to get VC funding. Furthermore, in the crypto-capital universe, blockchain startups don’t need to relinquish full ownership of their companies or worry about eventual Shareholders are bossing them around. Instead of demanding business plans, VCs may eventually need to develop a business plan of their own to stay competitive.
Geco.one
Geco.one is a platform that enables you to securely invest in the cryptocurrency market using the skills and knowledge of experienced traders. Our flagship service called PAMM trading account, allows you to invest in cryptocurrency pairs by entrusting resources to experienced traders as well as providing you with all the tools necessary to become crypto-trader yourself. Imagine
giving your money to a trader so he can make a profit for you when he makes one for himself introducing PAMM by Geco.one. Use our tools to analyse the history of failures and successes of any trader in a chosen period and a specific area of your interest. You can choose the trader’s account, and give him the ability to invest your money together with his own. You can stop your investment’s any time you want.
Geco.one is a multi-exchange trading platform with PAMM accounts the facility, where traders are ready to do all the hard work for you. Traders will be able to create an endless number of PAMM accounts making opportunities for an investor to profit from their skills and hard work. Thanks to a connection with multiple exchanges, traders can run several PAMM accounts on different platforms simultaneously without any disruption. PAMM is a platform that allows the professional trader to work with your money and make you a profit without the demand for your constant attention, eliminating any mental or physical stress related to investment in the crypto market. Traders don’t have access to investors’ money. They cannot withdraw it at any point.
However, the profit made after a trading session is shared between the trader and the investor using the designated percentage share stated from the onset by the PAMM trader.
A significant number of additional tools is made available for all users of Geco.one PAMM trading platform. Features like marginal trading, funding from multiple investors, complex PAMM account merging options to name a few, making it the most comprehensive set of tools for trading cryptocurrencies on numerous exchanges. Experts recognise the magnitude of possibilities and use Geco.one regularly. Investors gain all the data necessary to be able to assess the traders and managers at the tips of their fingers. Features like overall score, consistency, style of trading are just a few of the broad spectrum of the possible analysing mechanism.
Imagine giving your money to a trader, so he can make a profit for you when he makes one for himself — introducing cryptocurrency PAMM accounts by Geco.one.
Official website: https://geco.one
White paper: https://geco.one/static/files/whitepaper.pdf
Block Explorer Address: 0xe304283C3e60Cefaf7eA514007Cf4E8fdC3d869d
Telegram: https://t.me/joinchat/JANGJUjdQZfs0KUqAsKcYw
Twitter: https://twitter.com/GecoOne
Facebook: https://www.facebook.com/geco.one
Medium: https://medium.com/@geco.one
