- FEXD is a company working to stay at the forefront of fintech innovations by using the most advanced financial technologies in its platforms and applications
- The company is seeking to acquire and merge with high-growth global fintech organizations that leverage these advanced financial technologies as part of its goal to develop a global fintech ecosystem
- Among these technologies are crypto and the blockchain
- Cryptocurrencies have been known to facilitate faster and lower-cost transactions, increase financial inclusions, and store value, especially in emerging economies where unpredictable inflation substantially weakens the value of their national currencies
- FEXD is committed to supporting the progress of developing countries and cultures, with cryptocurrencies playing a crucial role in helping the company achieve this goal
In a May 2022 report, rating agency Moody’s noted the highest cryptocurrency adoption was among lower-rated sovereigns. A summary of the report (https://ibn.fm/vUIRX) attributed this to the fact that digital currencies can facilitate “faster, more convenient, and lower-cost transactions for households and increase financial inclusion, benefitting countries where large parts of the population lack banking infrastructure.” Moreover, the summary continued, “improved access to cheaper and more reliable internet data, mobile phone usage, and, more broadly, the trend of increased digitization will also drive cryptocurrency adoption in many lower-income emerging markets.”
Moody’s assessment is part of the consensus of opinions around cryptocurrency. Experts and observers alike agree that global crypto adoption has been dominated by emerging markets, with lower-middle and upper-middle-income economies dominating the top 20 entries of the most recent…
NOTE TO INVESTORS: The latest news and updates relating to FEXD are available in the company’s newsroom at https://ibn.fm/FEXD
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