Bank Innovation’s Top 5 Fintech Trends in 2017
Honorable Mentions:
This was a busy year for the fintech world, and of course not all trends could be included in Bank Innovation’s Top 5, so here are some honorable mentions – Credit cards (whether it’s companies like Petal dissing the traditional FICO scores or Uber partnering with Barclays to launch its own in-app card) 2017 has seen a flurry of plastic innovation – mobile payments who?
Bitcoin – This year saw bitcoin go mainstream and get your grandparents talking crypto as the currency(?) saw a phenomenal increase in value from under $1,000 on Jan. 1 this year to $18,000+ on Tuesday morning. And don’t get us started about Litecoin, Ethereum, and the explosion of value in the altcoin world. The total cryptocurrency marketcap is above $521 billion, and bitcoin accounts for just less than half of that.
We might be bidding adieu to 2017, but these trends are here to stay for 2018.
— Grace Noto, Associate Editor at Bank Innovation, Contributed to this article.
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