Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Makes Strategic Moves as Blockchain Continues To Influence the Remittance Industry
FEXD’s aggressive expansion plan not only lines up with its core mission but is also a step toward carving out a significant market share in the global fintech market, which is projected to hit $500 billion in valuation by 2028 The company is exploring blockchain technology, banking on how easier access to mobile phones has helped make money transfers more accessible FEXD is also optimistic that the technology it will not only cut down on the cost of transactions but also significantly grow its annual revenues Its management is confident in this approach, citing that the investments so far will…