| Author | Message | ||
     Chiru_fan Pilla Bewarse Username: Chiru_fan Post Number: 667 Registered: 04-2017 Rating: N/A |
At a recent blockchain-focused event hosted by Forbes, one Visa executive said the credit card company had plans to support and integrate the blockchain. Meanwhile, retailers like Walmart were optimistic about the technology’s potential to manage their supply chains. Walmart would use blockchain technology to do things like track contaminated produce and meats. That would go a long way to curbing outbreaks of things like salmonella in its grocery stores. That’s why we want to invest in the companies building out this infrastructure. The markets for these innovations aren’t based on hype, they’re based on consumer demand. We’re talking about companies like PayPal and Square. These companies have invested heavily in blockchain technology while building out crypto transactions. But we’re also talking about companies like Fidelity, which has committed to bringing blockchain solutions to Americans through its part in the Crypto Council for Innovation. That’s a lobbying group that hopes to make this technology more mainstream. Smart investors looking to capitalize on these trends should check out the Global X FinTech ETF (Nasdaq: FINX). It holds companies like PayPal, Square and Fidelity. And it holds companies offering financial tech solutions to businesses. And those companies could easily capitalize on a shift to blockchain technology. Better yet, FINX’s share price is attractive today after the tech sector pullback in March. It’s still nearly 10% off its highs. When it comes to cryptos and crypto-based IPOs … avoid the hype. Instead, invest in the financial tech companies that will actually benefit from the blockchain revolution by building out its infrastructure. |