Read more about FinTech
First, People prefer money and that is on period. It is the nature of people to migrate to where the source of their sustenance is. This is why you would see people clamouring for bank jobs and the likes. They prefer to be in the vicinity of the local currency. Generally speaking, though, money moves the market and people tend to move toward money. This is why wall street and the stock market is a big deal all around the globe. As a result of this, FinTech enables people around the world to carry out and monitor these transactions in high demand. Where there is demand, there is finance. The next on the list is the fact that there is high demand for ease in handling money. While it is true that in BioTech and AgroTech, there is a large need to ease some processes by introducing machinery that cost millions to make. The FinTech space only needs to introduce weightless apps that can transform the trajectory of any financial transaction from any part of the world. This makes FinTech more powerful than most of its counterparts in the Tech sector. In addition to these FinTech advantages, people actually have a need for ease in handling their money so they can pay for BioTech and AgroTech needs.
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The third advantage that Fintech has over the rest is that it fills a gap that has existed for long. The AgroTech space has a lot of traditional tools that has enabled them to survive a lot of changes in the world and despite the introduction of new technologies, none has been as drastic as the changes that happen in the Tech sector. One might argue that BioTech has made great strides in cancer research which is a great news for lives that would have been lost. However, majority of the funding for these BioTech projects comes from the area of FinTech. That being said, this article does not in any way undermine the place of other Tech sectors in the revolution of the 21st century. It is only showing why FinTech beats the rest in the race for global relevance and attention. FinTech is quite an exciting, yet scary area to venture into especially with the introduction of new legal tenders in the marketplace. Featured Image Source: Analytics Insight
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