{"id":1062,"date":"2021-07-10T03:19:10","date_gmt":"2021-07-10T03:19:10","guid":{"rendered":"https:\/\/www.sagaratechnology.com\/blog\/?p=1062"},"modified":"2021-11-16T04:16:54","modified_gmt":"2021-11-16T04:16:54","slug":"cryptocurrency-controls-8-percent-of-the-fintech-market","status":"publish","type":"post","link":"https:\/\/sagaratechnology.com\/blog\/cryptocurrency-controls-8-percent-of-the-fintech-market\/","title":{"rendered":"Cryptocurrency Controls 8 Percent of the Fintech Market"},"content":{"rendered":"\n<p>Cryptocurrency still has the potential for future development <meta charset=\"utf-8\">assessed <meta charset=\"utf-8\">Economists from the Institute for Development of Economics and Finance (Indef)  The reason is, based on data from Fintech News Singapore, in 2020 the market share of crypto money in <a href=\"https:\/\/www.youtube.com\/watch?v=MHr61r3-sH4\" target=\"_blank\" rel=\"noreferrer noopener\">financial technology<\/a> (fintech) was still 8 percent.<\/p>\n\n\n\n<p>&#8220;The opportunity is a potential investment alternative because so far it&#8217;s only 8 percent market share. With the widespread use of crypto money, supply-demand is expected to increase so that the price goes up,&#8221; said Nur Komaria, a researcher at Indef&#8217;s Center for Innovation and Digital Economy, in an online discussion Indef Plus- Minus Crypto Asset Investment on Thursday, June 24, 2021.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69fb29d238406\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69fb29d238406\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/sagaratechnology.com\/blog\/cryptocurrency-controls-8-percent-of-the-fintech-market\/#The_majority_of_the_fintech_market_is_dominated_by_fintech_lending\" >The majority of the fintech market is dominated by fintech lending<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/sagaratechnology.com\/blog\/cryptocurrency-controls-8-percent-of-the-fintech-market\/#Potential_scamming_and_phishing_actions\" >Potential scamming and phishing actions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_majority_of_the_fintech_market_is_dominated_by_fintech_lending\"><\/span>The majority of the fintech market is dominated by fintech lending<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Meanwhile, Nur continued, the majority of the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sagaratechnology.com\/en\" target=\"_blank\">fintech market<\/a> is controlled by fintech lending by 50 percent, followed by fintech payments by 23 percent.<\/p>\n\n\n\n<p>&#8220;By diversifying investment products, crypto-assets can become a potential investment alternative,&#8221; she added.<\/p>\n\n\n\n<p>However, in the midst of these opportunities, Nur said there are still a number of threats in the development of crypto money. He said data security regulations in cryptocurrency trading are still not comprehensive.<\/p>\n\n\n\n<p>&#8220;The threat itself is because borderless benefits are fast, but the negative thing is that there is still no rapid supervision and this security regulation is still not comprehensive,&#8221; said Nur.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Potential_scamming_and_phishing_actions\"><\/span>Potential scamming and phishing actions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In addition, Nur continued, there are still many potential acts of scamming and phishing or fraudulent methods via email or text messages. The trick is that fraudsters disguise themselves as legitimate institutions so that their targets provide sensitive data. In addition, cryptocurrency trading is still overshadowed by price fluctuations.<\/p>\n\n\n\n<p>\u201cThe price fluctuations are very volatile so it really depends on supply and demand. So, the risk of the price of crypto itself can be very high in price and can be very low,&#8221; said Nur.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency still has the potential for future development assessed Economists from the Institute for Development of Economics and Finance (Indef) The reason is, based on data from Fintech News Singapore, in 2020 the market share of crypto money in financial technology (fintech) was still 8 percent. &#8220;The opportunity is a potential investment alternative because so&#8230;<\/p>\n","protected":false},"author":14,"featured_media":1063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[123,109,128],"tags":[153,139,98],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Cryptocurrency Controls the Fintech Market - Sagara Asia Blog<\/title>\n<meta name=\"description\" content=\"Understanding how cryptocurrency has a potential for future development and has the opportunity to unlock the new FIntech Market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sagaratechnology.com\/blog\/cryptocurrency-controls-8-percent-of-the-fintech-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How Cryptocurrency Controls the Fintech Market - 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