In December 2021, a new player emerged after a partnership between decentralized finance (DeFi) firm Earnity and Bitcoin mining company BitNile was formed. It has paved the way for a digital marketplace to be developed that will allow people not just to exchange cryptocurrency but also learn about it and be part of a community of like-minded users. Earnity co-founders Dan Schatt and Domenic Carosa have stated that cryptocurrency will play a huge role in the future of finance.
Cryptocurrency, Disrupting the Finance World
At the beginning of 2022, approximately 300 million people have used cryptocurrency in some form. Because its popularity is growing rapidly by the day, cryptocurrency is on its way to becoming a considerable disruptor to the world economy. Research and advisory firm Gartner even estimates that more than 20% of large enterprises will use digital currencies in various ways, such as payment, value storage, and attachment to commodities.
While the current financial system seems like it will be the preference for most individuals and businesses in the next few years, cryptocurrency has provided an alternative that offers many advantages. These include privacy and data protection, i.e. preventing data from falling into the wrong hands. Cryptocurrency also can be more secure because transactions are made in high-security networks.
It is clear that cryptocurrency is becoming a more acceptable financial system, despite the fact that there are risks involved and that many users are still finding it difficult to access. Dan Schatt, Domenic Carosa, and the rest of the Earnity team aim to address those by creating a crypto platform and marketplace that is highly secure, easy to use, and very intuitive.