Anyon (AYTO)

What is Anyon

A world without banking is a motor without the piston, in the connotation of the cosmopolitan sense of today. The banking sector nonchalantly defines and devises the entire gamut of financial institutions and industries, by actuating their conception, working and revenue system. With the internet taking the centrestage, the online technology has revolutionized everything in its way, and the congruence of lending and borrowing is not an expectation. It is estimated that around 25,000 banks facilitate the traditionalservices of providing savings, credit, insurance, offers and much more to around 2 billion users worldwide.

Despite their widespread presence and staggering reach, the conventional iterations of banking are plagued by a number of inefficiencies such as volatility, unresponsiveness, and a chunk of allied activities, competently dubbed as ‘time-consuming’. The centralized nature of banks meant that they offered very little scope for tangential action and accountability, despite flaunting a magnamious presence. The rise of the Fintech wave has stormed the western financial markets, depicting the banking scenario sans the allied pain points. Customer experience was the chief value proposition, and their widespread acceptance is evident in the $200 billion infusement of investments companies in this space received. Despite the brimming benefits, the technological system rooted in fiat currency astonishingly exerted the nagging detriments of the conventional system.