3 Promising Crypto Startups Of 2019

The cryptocurrency world has experienced major changes in the last few years, that many thought would be impossible. In fact, when the technology first came to fore, the established banking world shunned and some even publicly said it was a fraud. However, we all know this is far from the case, with millions all over the world owning products like Luno Bitcoin wallet and transacting on a daily basis.

When it comes to crypto startups, the scene is the most competitive it has been in a long while. Every startup is jockeying for a position in an industry that is thriving, and the high success rate of some of these businesses is one of the driving forces behind the scene’s popularity in general. We’ve picked out three promising startups of 2019 below.

Bitconch

Behind every great idea is a fantastic team, but the people working behind the scenes at Bitconch are some of the finest you could ever dream of uniting. Bitconch sees former GE, Google, Huawei, and IBM employees come together to drive forward a network that aims to process 120,000 transactions per second.

If successful, Bitconch will be able to rival traditional payment processing firms such as Visa, and the speed will also attract a considerable number of crypto users. Many in the crypto scene prefer quick transaction speeds over anything, and it’s a big selling point, especially if Bitconch hit their 120,000 transactions per second target.

Rubix

As well as the speed of transactions being of great importance to people, so is the security of their user data. The world was rightfully up in arms when the Cambridge Analytica scandal occurred, and we’re still seeing user data sold regularly to allow for targeted and intrusive ad campaigns.

Thankfully, this is where Rubix.io comes in – an exchange platform founded by Andrew Hamilton just last year. As well as aiming to make the buying, selling, storing and trading of cryptocurrencies hassle-free and straightforward, Rubix also offers watertight encryption across the board. Even Rubix employees are unable to view account data, making this platform the leader in its field right now, with a focus on innovating the approach to privacy and security.

BiKi

BiKi, founded in 2018, is a Singapore-based exchange that aims to serve the international market with its services. Dealing in cryptocurrencies as well as digital assets, BiKi wants to be the solution for those looking to trade internationally. In less than one year of operation, the BiKi platform managed to attract over one million registered users, making it one of the fastest-growing exchanges.

Du Jan, who co-founded Huobi, another Singapore based cryptocurrency exchange, is backing BiKi and has already raised $5 million in funding. The focus of BiKi is to crack the mainstream, which would allow cryptocurrencies to flourish. They aim to do this by streamlining the buying and selling of cryptos, which would provide the current Asian market with a smooth and hassle-free way to trade.

The three startups above are showing promise when it comes to where they are now, and the potential for growth moving forward. All three offer practical solutions to issues in the cryptocurrency scene and the broader world, and this undoubtedly sees them shine amongst rival startups. 2019 will be a big year for all three businesses, and it will be interesting to see where they are this time next year.

 

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