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thefintech.info

THREE KEY LATEST TRENDS SHAPING FINTECH TODAY

The fintech market size stood at USD 112.5 Billion in 2021. The pace of change and innovative mindset in fintech has picked up in recent years and the industry continues growing exponentially. The Global Fintech Market size is expected to reach USD 332.5 Billion by 2028 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.8% during this period.

Trend No 1: New stage of maturity in the fintech market

The explosion of new fintech businesses is slowing down and the market has started focusing on more mature businesses with a clear path toward profitability and strong USPs. 

Also, regulators have become stricter – there are new requirements that increase entry barriers for new companies that are not ready to become authorized institutions due to insufficient funds, experience, team, etc. This explains the recent decrease in the number of Payment Institution and E-money Institution licenses received in the EEA countries. Currently, only companies with extensive experience and strong financial backgrounds apply for licenses.

Some examples of how regulators tighten their requirements are the increase in the number of local personnel required, the increase of the requested initial capital amount, and additional requirements for funds to ensure the company’s stability for the years to come. 

 Trend No 2: Time is everything 

The turnaround time necessary to launch fintech services has shortened because startups are looking for new ways how to enter the market faster and cheaper. 

Such companies are no longer ready to wait a year or two to obtain financial licenses. And we don’t even speak about the development of their payment infrastructure and IT system which may take a couple of years. 

 Trend No 3: BaaS become a mainstream 

On one hand, regulations have become more complex and the number of applications for Payment and E-Money Institution licenses has decreased, meaning that fewer and fewer companies apply for licenses. On another hand, fintech newbies are not ready to spend time developing payment infrastructures. So, the question is how to get around these challenges? There is a need for an ecosystem that can help fintechs to adapt to rapid technological and regulatory changes. Banking-as-s-Service (BaaS) is the best-in-class ecosystem that reconfigures the standard operation model, opens the door to a shared economy in business, and enables new sources of growth.

Newcomers and fast-to-market solutions 

Fintech startups are more likely to connect to BaaS services. They are not ready to spend years and make huge investments at the very beginning to become authorized and develop a payment infrastructure. Despite the impression that these services are very simple, BaaS is not accessible to everyone. BaaS is usually distributed to clients via APIs, it requires strong risk and compliance management of the embedded finance partner because the BaaS partner license can be at risk. This means that new companies that are looking to connect to any BaaS provider should pass a strong Due Diligence procedure, especially if License-as-a-Service is offered.

Search for new revenue models

Fintech companies with a fully developed payment infrastructure have started sharing their infrastructure with newly developed fintech companies. Having invested an enormous amount of money into infrastructure and licensing, financial institutions are actively exploring ways how to generate alternative revenue streams and grow products.

Complete “out-of-the-box” solution

There are quite a few well-established and widely known BaaS providers in the market (e.g., Currency Cloud, Railsback, Modulr, and others) and many of them provide only an API to connect to their services.

Then there is a new trend that BaaS providers couple their capabilities with Core Banking platform providers to compose a complete “out-of-the-box” solution, meaning that the client receives a ready operating back-office and front-office system with embedded integrations with BaaS providers. This kind of cooperation brings a huge number of opportunities to clients because such type of BaaS solutions allows them to connect to a ready payment infrastructure and start operations within a couple of months. 

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CAN BLOCKCHAIN REVOLUTIONIZE THE BANKING SYSTEM?

Today, we live in a world where a new wave of technological transformation occurs regularly. Each day, we are exposed to new buzzwords and a plethora of news. Additionally, cryptocurrency or blockchain is a buzzword in the business world.

Blockchain is well known for its critical function in cryptocurrency systems such as bitcoin, in ensuring the security and decentralization of transaction records. Cryptocurrency has been around for more than a decade. However, countless controversies and discussions continue to swirl around cryptocurrency. Some say it is a new-age currency, while others refer to it as a hoax. Nonetheless, one thing is certain: We cannot afford to be indifferent to this movement.

An Overview of Blockchain Technology

As the name suggests, it creates a chain of blocks where each block contains a transaction ledger and the link of the subsequent transaction. This explanation might remind you of the data structure of a traditional “linked list.” However, blockchain has a more complex system, where a child block will be chained with a parent block hash while supporting the benefits of linked lists like the flexibility of dynamic data structures.

A major differentiating factor for the blockchain lies in its distributed architecture. The blockchain creates an extensive network of peer-to-peer nodes that store the transaction ledger in the form of a block in multiple data systems. These data systems can be decentralized across various data centers, which creates the chain of transactions on each of the data systems when a single transaction is initiated.

Implementation Approach & Benefits

There could be several ways to implement a decentralized payment system. However, we can discuss one of the possible implementations.

All the entities, which could be banks or even central banks of a country, participating in the implementation can either set up their infrastructure or subscribe to and integrate with the services enabled by other entities. However, the bigger question lies in the exchange values. When we try to implement payment systems between two entities, the major challenge is the exchange value. For transactions within a country, the solution will be very simple, to use the local currency or a fiat currency coin. In the U.S., the USDF consortium has implemented an interbank payment system using stable coins, and fiat currency coins. This implementation has not only helped the banks to overcome the “Fed’s working hours” limitation but also brought down the cost of transactions. As we write this paper, several countries, such as the UK and India, have been planning to launch a govt-backed crypto / digital coin. It would ease such implementations in the future.

Whenever we extend the blockchain implementation across borders, the challenge of identifying a central exchange currency arises. In such a situation, we can use a fiat-crypto coin, which would be pegged by gold value. This will not only create an alternative system for payments but also reduce the dependency on a specific currency, as well as contribute to the decentralization of economic power.

Additionally, since these multi-node clusters are maintained at different data centers as well as the messages exchanged are not just encrypted but also follow the hashing sequences, it would be very difficult to hack the entire network. This feature adds an extra layer of data security.

Limitations of the Current Banking System

As we all know, current financial sectors across the globe work on centralized data platforms. Moreover, any of the transactions between two entities are managed by a central entity, which could be like the Federal bank in the U.S. This leads to the limitations of the system, like limited working hours for interbank transactions. Although countries such as India have enabled interbank transactions (RTGS) 24×7 for all 365 days to overcome the limitation, and yet, it is difficult to implement in several different states due to infrastructure or operational issues.

Similarly, international transactions are managed by a single entity, SWIFT. This gives the power in the hands of a few people to manage the international economy by way of sanctions. These situations were seen during the recent Ukraine-Russia crisis. These sanctions lead to the deflation of the local currency and high inflation in the local market, which worst affects the normal citizens of the state.

Moreover, when we have a centralized ecosystem for the banks, it leads to a lack of transparency and balance sheet manipulation. In particular, these malpractices in the banking system can lead to a nationwide or worldwide economic crisis, particularly in some extreme cases like Lehman Brothers’ fall.

A blockchain-based decentralized banking system can also resolve issues like accounting manipulation. When all the bank-level balance sheets are maintained with central banks or similar government entities, it would be less likely to have an unnoticed crisis due to account manipulations. Besides, auditor appointments will be managed by government-owned entities and not by banks.

Challenges of Using Blockchain
As we know, blockchain, being a decentralized multi-node system, every node will hold the transaction ledgers for transactions across the network. This characteristic can subsequently lead to high data storage requirements and high carbon footprints. However, a significant challenge lies in replacing the currently stabilized “centralized financial system.”

Bottomline
As we see the increasing popularity of cryptocurrencies, we hope to see blockchain making a larger penetration in the global financial and banking systems, although it seems to be making baby steps at present.

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TOP 10 FINTECH STARTUPS REVOLUTIONIZING THE FINANCIAL LANDSCAPE IN 2022

These fintech startups are revolutionizing finance and making lives easier for everyone.

Innovation has transformed many industries and banking and finance are some of them. The emergence of fintech has made the lives of finance professionals and of the common public so much easier. Fintech startups and companies are launching avant-garde solutions to make sure that all global industries are efficiently and securely carrying out their daily transactions. In this article, we have listed the top fintech startups that are making huge strides in 2022

Acorns

Acorns are the first-ever company that offers micro-investing to the world. The exclusive financial engine permits to roundup and spare change from everyday buying and invests these sub-dollar amounts into a professionally managed portfolio of index funds. The mission of this fintech startup is to look after the financial best interests of up-and-coming, beginning with the empowering step of micro-investing. The firm offers services in the banking, earning, and education sectors.

Active.ai

Active.ai is a fintech startup that connects consumers with their banks via micro conversation. It offers a conversational banking platform to financial institutions which are created using an artificial intelligence-powered virtual assistant that caters to emergent banking needs by enabling banks, wealth managers, and financial service providers with their customers using voice, messages, and IoT devices. The firm helps banks and credit unions to create intelligent virtual assistants by bringing in automation and insightful customer engagement.

Adyen

Adyen allows businesses to accept e-commerce, point-of-sale, and mobile payments. It offers risk management, integrated gateway, acquiring, processing, and settling of the payments. It provides end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods and also delivers frictionless payments across several online, as well as the in-store channels serving customers such as Facebook, Uber, Casper, Spotify, L’Oreal, and Bonobos.  The platform enables merchants to accept payments in a single system, allowing revenue growth easily.

Affirm

Affirm is a fintech startup company that operates as a financial leader of installment loans for consumers to use at the point of sale to finance a purchase. The firm uses technology to bring vital disruptive innovation to the financial industry. It aims to improve the lives of consumers by delivering honest, simple, and transparent financial products. Affirm provides shoppers an alternative to transitional credit cards that can be easier to use.

Anyfin

Anyfin saw that very many people pay unnecessarily much interest and fees for their installments, credit cards, and personal loans. That’s where this company reaches out. With the help of smart technology and skipping unnecessary intermediaries, they were able to offer as low an interest rate as possible. And decided right away that they would always try to help you to a better economy. Anyfin claims to do this with a combination of AI and publicly available consumer data, and with additional information garnered through a photo of existing loan statements, including repayment history. This, it says, gives Anyfin a more complete picture than a credit score alone, which is likely the main data point used by the original lender.

Arygle

At Argyle, they recognize that employment data is owned by the individual it represents. By building the first gateway to employment data, the company is unlocking a dataset that has been monopolized by a single, giant corporation (name omitted, because of decorum) for 70 years. It is making it easier, faster, better, and smarter for innovative companies to put points around the world and is accessible via mobile devices employment data to work for their users, enabling access to products and services that improve lives.

Array

Array is a fintech platform to gain personalized credit and financial data for users. The platform is helping businesses form deeper bonds with consumers through meaningful information sharing. The company’s API is complete with data attribution and dictionaries, plus it’s fully structured. Its aggregator model simplifies pricing by avoiding large monthly data commitments and the need to stick with any single bank, credit bureau, or security vendor Array was founded by Martin Toha and Phillip Zedalis in 2020.

Ascend Money

Ascend Group is an information technology company that specializes in the fields of cloud centers, fintech, and E-commerce. It is driven by its mission to be the leader in digital services and platforms for customers and businesses. Ascend Money is a testimony to our beliefs. The company constantly innovates and enables millions of people to ascend to lives of greater heights with accessible, affordable, and secure financial services. For that reason, their logo – the Binary Bond – symbolizes our desire to integrate the opportunities of the world (the’O’) with the individual (the ‘I’) in the digital age using advanced technologies.

Atom

Atom Bank is a mobile banking application that offers a range of personal and business banking products. Users can log in using face and voice recognition and receive support from a 24/7 customer service team. The application, available on iPad and iPhone devices, was launched in March 2014 and its operations are based in Durham, the United

Kingdom. In 2017, Atom was named by LinkedIn as one of the UK’s top 25 start-ups and ranked 14th alongside companies such as Deliveroo, Uber, and Airbnb, and in 2019, Atom ranked second in business analyst Beauhurst’s list of 50 top fintech UK start-ups and scale-ups. It was the only company from outside London in the top 20 of the lists.

Avant

Avant operates an online marketplace that provides users with access to personal loans to consolidate debt, pay unexpected medical expenses, and for family vacations. Through the use of big data and machine-learning algorithms, the company offers a customized approach to streamlining credit options. The company caters to consumers in the United States and the United Kingdom. Upon entering the growing financial technology FinTech industry, Avant developed proprietary software that attempts to efficiently mitigate default risk and fraud by using machine-learning technology. The company has worked towards a fully online experience where customers can apply on Avant’s website.

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thefintech.info

WHITE-LABEL CRYPTO PAYMENT GATEWAYS: THE PROS AND CONS

A White label cryptocurrency payment gateway, as a solution, enables Payment Service Providers (PSPs), digital commerce businesses, and online merchants to process payments using their brand via third-party services.

Payments are an essential component of your business, and having a knowledgeable and experienced service provider to assist you with this is a major benefit. As the world shifts toward cryptocurrency payments, secure and worry-free transactions are crucial to businesses unfamiliar with crypto.

What is a White Label Payment Gateway?

A White-Label payment gateway enables a payment company to process payments through a third-party gateway provider by combining the company’s branding, such as logo and colors, with payment processors to provide a personalized solution. The front-end is your brand, the back-end is handled for you.

 Why should you choose White Label Payment Solutions?

When faced with a decision, most business owners must choose between building and buying.

Do you have the capital, expertise, and huge tech staff needed to provide your consumers with the most efficient and innovative payment solutions? If not, a white label solution might save money by leveraging its platform and expertise to get the benefits without the overhead!

 The Advantages of Using White Label Cryptocurrency Payment Gateway Solutions

  • Expertise

White Label Cryptocurrency Payment Gateway companies, such as COINQVEST, have the skills and capability to provide the most cutting-edge creative technologies to help ease online crypto payments. They have a wide range of SDKs and APIs for integrations. By working with them, you can reap all of these benefits of a dedicated crypto payment solution and integrate the solution as your own, all while you are hard at work on your product or service.

  •  Time-Saver

Time is the most valuable asset we have. Developing your payment gateway would necessitate both significant capital and time investment. Furthermore, following the development period, it must be regularly updated to maintain a technological edge in the payments market. Implementing a white Label cryptocurrency payment gateway solution provider saves you time in all of the above areas.

  •  Compliance

A cryptocurrency payment gateway must be kept up to date with regulatory compliance and much more. White Label Payment Gateway Solutions provide you with a polished, ready-made product for your brand that is ready to accept payments from your clients. Crypto payment gateways such as COINQVEST provide KYC/AML verification, as well as proper tax and regulatory steps to keep your business compliant.

  •  Management of Fraud and Risk

In addition, White Label Companies offer extensive anti-fraud tactics and solutions with a range of settings. Users can refine them based on their needs, which will help them better understand the cardholder’s behavior. Furthermore, White Label Solutions are integrated with Fraud and KYC solutions to enhance protection. 

  •  Cost-Effective

As previously stated, creating your gateway from scratch demands a significant expenditure, and even then, there is a risk that the resulting product will be inoperable or outdated. This issue, however, can be addressed if you use a third-party solution, such as the one provided by COINQVEST. Outsourcing a White Label solution not only saves money over establishing a payments platform from scratch but also includes predictable, scheduled charges, making business planning easier. Fees are also extremely low with COINQVEST. 

 The Drawbacks of Not Using a White Label Payment Gateway Solution

  •  High Cost To Develop Technology

When you establish your payment gateway, you save the fees charged by third-party providers. However, keep in mind that developing your payment gateway is a business endeavor on its own, and entails a significant amount of time, labor, maintenance, and other unforeseen fees.

  • Setting up a Large Development Team = Additional Processes and Costs 

When it comes to creating your gateway, you have complete power. You are in charge of all the features and integrations that the gateway must have to meet your business requirements. To keep the process running well, you’ll need a team that is both specialized in the subject matter and technologically savvy.

  •  It’s time to Evolve.

 White Label Cryptocurrency Payment Gateway Solutions provide numerous advantages to your company. After all, payments are not something to take chances with. A good white label payment gateway solution can boost ROI, build a strong brand reputation, provide innovative and efficient payment solutions to your clients, and let you focus on building your product or service. Make sure you choose the correct partner for your company.

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thefintech.info

INCLUSIVE FINANCE MANIFESTO

The most effective means to achieve economic and social welfare is our ability to earn a living. Earning a fair living is inexorably linked to our access to financial services. To get paid or to pay someone, to protect a few excess earnings, to borrow to buy a home, or to fund a business, we all need access to a provider of financial services. But access to finance is not open to all. Today according to the World Bank 1.7 billion people still do not have a bank account. This is a phenomenon that hits the poorest countries most, but even some of the richest countries have millions of their citizens without bank accounts.

This lack of access is resulting in poverty, social exclusion, poor health, and lack of education – robbing many of us of a fair and fulfilling life. Many reasons are behind this phenomenon: outdated processes, cultural bias, technology gaps, simply legacy mindsets, and many more. All of these obstacles – at least in part – can all be mitigated by innovation.

As with most aspects of our society, Digital technology has and is continuing to innovate and transform financial services. FinTechs, NeoBanks, and Challengers are reshaping the financial services, banking, and payments landscapes across the globe. But they are doing this prevalently for the benefit of certain segments of society, excluding some others. This particular sort of financial “discrimination” is only in small part driven by lack of access to technology, as in fact, the number of people with mobile phones exceeds the number of those with bank accounts. Again, according to the World Bank, out of the 1.7billion unbanked customers, 1.1billion own a mobile phone.

We believe that digital technology firms and enabling capabilities can dramatically reduce the number of unbanked and underbanked individuals across the world. We propose the introduction of a vision for the main actors in the industry so that every human being is given access to the financial products that they need.

Access to basic banking services should not be discriminated against. Our aim is that every individual (physical or legal entity) should be able to benefit from access to the following:

  • Every person should be able to identify themselves and authenticate themselves at no cost
  • Every person should be able to receive or send a payment in a safe, quick, and inexpensive manner to any other individual or organization nearby or across the globe except where these funds would be used for purposes that are illegal or harmful to others.
  • Every person should be able to have access to financial products and services that allow them to gain financial benefit safely and securely from any funds that are more than their needs.
  • Every person should be allowed to connect with entities that are willing to provide them with credit in fair conditions.
  • Every person should be able to gain access to trustworthy information and advice on how to manage their money.

The potential issues that could arise to achieve these goals can be addressed by using processes and technology available today. We do not suggest that players should abandon all constraints and reasons in providing financial services, but we do believe that every country and government should provide the right framework to enable the following:

  • A free identification document that is unalterable from birth
  • A free basic digital wallet for every individual
  • A free basic savings account that can earn interest where local customs do not prevent it
  • Access to inexpensive domestic and cross-border payments when these funds are available in the sender’s current account
  • Access to affordable credit that adequately reflects the circumstances of the borrower
  • Enable any individual to own the financial data that pertains to them and to be able to grant access to financial institutions that could require the data to provide a financial product. The individual retains the right to suspend all access to their financial data from the provider unless access is justified by security concerns.

Financial services are a means for persons to live their lives to their full potential. Access to finance can no longer be a privilege.

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TOP CRYPTOCURRENCIES TO BUY IN THE USA IN 2022

The USA crypto investors are eager to invest in popular cryptocurrencies to be in the trend in 2022

Best Cryptocurrency in the USA Revealed

American corporations have been at the forefront of cryptocurrency adoption. From Tesla to MicroStrategy, they are all going heavy on crypto. As an investor looking for the next big thing to invest in, the moves big companies are making may have got you interested in cryptocurrencies.

In this guide, we discuss the best cryptocurrencies to buy and invest in the US in 2022 – all of which offer attractive upside potential.

Top Cryptocurrencies to Buy in the USA in 2022

Below you will find a list of the top 10 best cryptocurrencies to buy in the US today.

  • Dogecoin
  • Shiba Inu
  • ApeCoin
  • XRP
  • Ethereum
  • Bitcoin
  • Terra
  • Avalanche
  • Cardano
  • Solana

  • Dogecoin – Overall The Best Cryptocurrency To Buy In The USA 

The top cryptocurrency to buy in the US is Dogecoin. It may be a meme coin, but DOGE ranks as the most trending cryptocurrency today.

Dogecoin has proven to be a cryptocurrency that increases investors’ wealth. Consider that between 2020 and mid-2021, Dogecoin went up by more than 12,000%.

Since then, Dogecoin has been on a downward spiral and largely underperformed the broader market. Currently, Dogecoin is down by 82% from its 2021 all-time highs. This makes Dogecoin a highly undervalued cryptocurrency to buy now when the risk/reward ratio is at its best.

Besides, the factors that triggered Dogecoin’s rally in 2021 are still there, and can even be said to have gotten better.

Dogecoin’s rally in 2021 was fueled by a series of DOGE-focused tweets by U.S. tech-billionaire Elon Musk. Musk’s influence saw sports teams like the Dallas Mavericks start accepting Dogecoin payments. Musk’s company, Tesla, now also accepts Dogecoin payments.

However, the most significant factor that makes Dogecoin the top crypto to invest in now in the U.S. is that Musk has bought Twitter. Before his Twitter takeover, he was proposing that Twitter accept Dogecoin payments. Now that he is taking Twitter private, there is a good chance that he could make moves that are favorable to Dogecoin in 2022 and beyond.

With Musk’s influence, growing adoption, and heavily depressed prices, Dogecoin looks like the perfect cryptocurrency to buy in the U.S. in 2022. Once the entire cryptocurrency market turns bullish again, DOGE could easily be 3x in value.

Despite the current market environment, the DOGE crypto has the potential to recover any time soon and it might be not too late to buy Dogecoin this year.

  • Shiba Inu is – Best meme coin to invest in the U.S. now

Shiba Inu is next on the top cryptocurrencies to consider in the US in 2022. Shiba Inu is also one of the best performing and the most popular cryptocurrencies in the USA.

SHIB hit the market in August 2020, and by November 2021, it was up by more than 40,000,000%. This performance saw it shoot from obscurity to become a top 20 crypto.

However, like the rest of the market, things haven’t been rosy for Shiba Inu in 2022. Shiba Inu is down by 77% from its all-time highs, making it a relatively low-risk buy for anyone with a long-term view of the market.

Interestingly, Shiba Inu’s core fundamentals have improved even as the price corrects. For instance, since the last time it last made an all-time high, Shiba Inu has launched a DEX, a layer-2 solution, and a Metaverse. Shiba Inu is also pushing on with the token burn. These factors add to Shiba Inu’s intrinsic value, but they also could add to the hype in the next bull cycle. Those reasons make SHIB a perfect cryptocurrency to buy and hold in 2022.

As per Shiba Inu’s price predictions, the SHIB meme coin is expected to increase by over 1750% in the next five years, according to experts. And because the Shiba Inu coin dropped down in the current overall bear market, it could be a great time to enter now and hold for the next few years.

  • ApeCoin is – Most Popular Cryptocurrency in the US today

Another popular cryptocurrency to consider buying in the US is ApeCoin.

ApeCoin is only two months old but it is already taking the market by storm. When ApeCoin launched in March, it was instantly listed by all top cryptocurrency exchanges. This saw APE briefly outperform the market before a correction followed. ApeCoin then regained upside momentum driven by the Otherside Metaverse launch.

However, bogged down by the bear trend in the broader cryptocurrency market, ApeCoin is currently down by 68% from its most recent high. This makes it a highly undervalued cryptocurrency to buy in the U.S. in 2022.

While it has taken a beating, thanks to market price action, ApeCoin remains one of the cryptocurrencies that have a lot going for them fundamentally. The hype around the Bored Ape NFTs, coupled with the Metaverse, put ApeCoin right in the middle of the fast-growing NFTs space.

With most analysts projecting that the Metaverse could become a multi-trillion market, ApeCoin is a cryptocurrency that could increase by over 150% in 2022. According to ApeCoin price prediction, the coin is expected to hit above the $100 mark by the end of the current year.

  • XRP – High potential cross-border payments cryptocurrency 

Next on the list of the best cryptocurrencies to trade in the USA in 2022 is XRP.

XRP was hot back in 2017, thanks to the backing of Ripple, a fast-growing U.S. Fintech company. However, this association with Ripple caused problems for XRP in 2020. That’s after the S.E.C. went after Ripple and its founders for issuing illegal securities. This hit XRP hard, and the price is yet to recover to 2017 highs.

It’s not all doom and gloom for XRP, though. Many analysts project that there is a high chance that Ripple could win against the S.E.C. If it does, the excitement could trigger a rally that could see XRP blow through its all-time highs in 2022. Evidence of this is the pumps that XRP experienced in 2021 whenever the Ripple team made even the tiniest of wins against the S.E.C.

Besides, XRP adoption continues to grow even as the case drags on. In Asia, several banks use Ripple services, including using XRP for cross-border payments. It’s an indicator of  XRPs underlying strength in the cross-border payments market. This adoption, despite the challenges, also makes XRP one of the most undervalued cryptocurrencies to buy in the US in 2022. 

  • Ethereum – Top smart contracts cryptocurrency to invest in the U.S. now

Another top project to check out in our list of the best cryptocurrencies to buy in the US in 2022 is Ethereum.

Ethereum easily cuts because it is one of the fundamentally strongest cryptocurrencies in the market today. This is all thanks to its dominance in the smart contracts space. The majority of crypto tokens today run on Ethereum’s ERC-20 standard. This means there is a consistent and growing demand for ETH as its ecosystem of projects continues to grow.

Besides, Ethereum is a pretty forward-looking cryptocurrency. Over the past five years, Ethereum has experienced serious scaling issues that have led to an upsurge in gas fees. Ethereum sorts to remedy this by shifting to Proof-of-Stake, and the process is almost complete.

Once the merge happens and Ethereum starts running as Eth 2.0, most transactions will be completed off-chain by layer-2 scaling solutions. This will drive costs lower and make Ethereum more attractive to developers. The transition also makes Ethereum deflationary, which is a plus in terms of Ethereum’s long-term value appreciation.

Aside from these improving fundamentals, Ethereum is one of the most undervalued cryptocurrencies at the current price. Since hitting an all-time high of $4800 back in November 2021, Ethereum has dropped by over 60%.

Given its growing fundamentals and the price correction, it is not hard to see why Ethereum is one of the top cryptocurrencies to invest in the U.S. this year.

As of writing, you can buy this top-rated cryptocurrency at a heavily discounted price compared to its peak price.

  • Bitcoin – Best large-cap cryptocurrency to buy in the U.S. today

Bitcoin is the largest cryptocurrency by market cap, and can’t miss among the best cryptocurrencies to buy in the U.S.A. in 2022.

One thing that puts Bitcoin among the top cryptocurrencies to buy now is its recognition. Bitcoin was the first cryptocurrency to enter the market. It has also dominated the market since cryptocurrencies became a thing. Today, many people have no clue about cryptocurrencies but have heard of Bitcoin through the media. This recognition puts Bitcoin at the forefront of adoption as the cryptocurrency market goes mainstream.

Bitcoin is already the most adopted of all cryptocurrencies. For instance, two countries now accept Bitcoin as legal tender, and many more are signaling their intention to accept Bitcoin as a currency.

Many institutions are also taking up Bitcoin as an investment. For instance, Tesla, and MicroStrategy, two top listed U.S. companies, now have BTC in their portfolio. Even with this growing adoption, Bitcoin’s price has been depressed for most of 2022.

Currently, Bitcoin is down by more than 50% from its all-time highs. This makes it a highly undervalued cryptocurrency asset.

Despite all the ups and downs in BTC trading history, analysts think Bitcoin price prediction will hit the $100,000 mark in 2022 and could grow further in the long term. And as such, this makes it one of the most popular cryptos in the buy-in 2022.

  • Terra – Top cryptocurrency dominating the algorithmic stable coins market

Another cryptocurrency to watch closely in our list of the top cryptos to buy in the US is Terra LUNA.

Terra is a relatively new cryptocurrency. However, it has shot up to become one of the top cryptocurrencies in the algorithmic stable coins space. Some of the top algorithmic stable coins on Terra, such as USD Terra (UST), are now amongst the largest cryptocurrencies by market capitalization.

Terra stable coins are growing fast in adoption because of their advantages in the payments space. That’s because, while they can be used for everyday transactions like ordinary fiat, Terra stable coins are censorship-resistant, thanks to blockchain technology.

Growth in algorithmic stable coins is an advantage for anyone invested in LUNA tokens. That’s because LUNA is the token used to keep Terra stable coins stable. The more these stable coins are adopted, the higher the value of LUNA goes.

This is evident in Terra’s price prediction and action for most of 2022. In Q1 of 2022, LUNA went on to retest its all-time highs at a time when most cryptocurrencies were still strongly bearish. As adoption grows, LUNA has the potential to retest its all-time highs faster than any other cryptocurrency.

LUNA is now close to 50% off its most recent highs and makes sense as a top cryptocurrency to buy in the US in 2022.

  • Avalanche – Top Ethereum competitor to buy now ahead of the next crypto rally

Avalanche is another cryptocurrency to watch when looking for popular cryptocurrencies to buy in the U.S. right now.

Avalanche is less than 3-years old but has emerged as one of the top cryptocurrencies that could beat Ethereum in 2022.

Avalanche’s growing acceptance as a launchpad for Dapps has a lot to do with its low transaction fees and scalability. Avalanche transaction fees are in pennies per transaction, and the throughput can go as high as 4500 transactions per second.

These features have driven up adoption, and Avalanche now ranks highly in Total Locked Value. Despite this growing adoption, Avalanche is not immune to broader market movements.

For most of 2022, the cryptocurrency market has been bearish, and Avalanche has not been spared. Today, Avalanche is down by more than 50% from its most recent highs. Going by its fundamentals, this price correction makes AVAX one of the most promising cryptocurrencies to buy in the US in 2022.

Once bullish momentum returns to the market, AVAX is a top cryptocurrency that can 3x your money easily.

  • Cardano – Fast-growing cryptocurrency that is founded on scientific principles this 

list of the most popular cryptocurrencies in the U.S can’t be complete without Cardano.

Cardano is one of the top Ethereum competitors gaining adoption in the Dapps market. Cardano’s edge in the platform blockchain space is in its security.

Cardano security comes from the progressive nature of its Ouroboros Proof-of-Stake algorithm. Ouroboros is peer-reviewed and proven to be secure. It is also one of the few platform blockchains with a strong balance between decentralization, security, and scalability.

Besides this strength in its core protocol, Cardano recently introduced smart contracts, and projects are already built on top of Cardano. For instance, there is a Metaverse platform already built on top of Cardano.

With all this growing adoption and its technical capabilities, Cardano’s prospects for growth are high. Cardano is a highly undervalued cryptocurrency at current prices, given that it is trading at over 50% from its all-time highs.

Once the market turns bullish again, Cardano could do well. It’s undoubtedly one of the top cryptocurrencies to buy in the U.S. in 2022.

  • Solana – Top cryptocurrency that could give Ethereum a run for the money

The final project of the best cryptocurrencies to buy in the US today is Solana.

Solana shot up in popularity in 2021 and saw widespread adoption in DeFi and NFTs. This is due to Solana’s unrivaled scalability. Solana can hit up to 50k transactions per second, with transaction costs as low as $0.001.

But even with such technical strengths, Solana’s fortunes have not been that good since Q4 of 2021. This is due to weakness in the broader cryptocurrency market and Solana’s network outage issues.

The good news is that Solana seems to have gotten over the worst, and the network has been stable for most of 2022.

Due to this, Solana is one of the best cryptocurrencies in the US to consider right now. As such, you can now get your hands on this popular coin and hold it for the long run.

Conclusion

​​This market insight has discussed the top 10 best cryptocurrencies to buy in the USA in 2022 at a very discount right now. Those digital assets are listed on the top crypto exchanges.

We found Dogecoin, Shiba Inu, and ApeCoin are among the highest potential cryptocurrencies to buy in the US in 2022. These three have the hype factor to them, and adoption is rising – especially when you consider that those projects are among the best in terms of profitable growth.

Besides, these cryptocurrencies are trading at a discount of over 50% from their all-time highs. This means that based on today’s prices, you can buy and invest in these top projects at a highly attractive entry price.

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