Why are businesses from the financial and banking systems becoming more interested in cryptocurrency exchanges and wallets?

In today’s article, we will talk about the interest of Deutsche Bank, Visa, Binance, and Naver in Bithumb, the largest cryptocurrency exchange. Why do many large companies and investors power up their assets with Bitcoins? Why is inflation inevitable? And can Bitcoin and cryptocurrencies be considered a means of nullifying inflation?

Why are Deutsche Bank, Visa, Binance, and Naver interested in the largest cryptocurrency exchange Bithumb?

Over the past few months, there have been increasing rumors about Deutsche Bank, Visa, Binance, and a search engine operator Naver being interested in buying controlling stakes in Bithumb, South Korea’s largest cryptocurrency company.

Is a huge rise in inflation inevitable?

Why do many experts agree on this issue?

Can cryptocurrency and Bitcoin nullify inflation?

Most of the bitcoin trading is nominated in dollars. Therefore, one of the reasons for its active growth is the increasing inflation of the US dollar. Although North American inflation averages 2% per year, recent spending on stimulus can significantly raise inflation and reduce the purchasing power of the dollar.

Summary

The debate about impending inflation and the importance of cryptocurrencies is gaining momentum in the media space. It is difficult to say if the largest financial companies are going to become “Bitcoin beneficiaries”. However, we are already seeing an increasing interest in the cryptocurrency market, not only from large financial players but also many government agencies.

Cratos is a licensed and regulated in the EU crypto exchange service