Banks and financial institutions are struggling to develop and integrate cryptocurrency solutions for their customers. The challenge arises from the complex nature of cryptocurrencies, which require specialized expertise and technology that most traditional financial institutions lack. Additionally, the maintenance of cryptocurrency infrastructure can be costly due to ongoing maintenance and security issues.
For fintech startups, developing cryptocurrency solutions is a daunting task that requires significant investment in hiring a team with specialized expertise in blockchain. The process also involves extensive research to ensure that the solutions are secure, user-friendly, and meet regulatory compliance standards. Different technological approaches may need to be explored, and the time to market can be lengthy due to the complexity of the development process.
The Single Broker platform is a reliable and transparent solution for banks and SMEs looking to work with both traditional and digital assets.