[2016-09-21]KPMG Lists Blockchain Startup OnChain among Top 50 FinTech Companies

"Bitcoin and Fintech are two peas in the same pod. Financial technology encompasses everything, from apps to artificial intelligence, and also cryptocurrency. With such a large focus on blockchain technology and distributed ledgers, the worlds of Bitcoin and fintech collide at regular intervals.

It is not entirely surprising to see a Bitcoin and [Suspicious link removed]pany mentioned in KPMG’s top 50 Fintech list. Although the majority of startups and businesses have little or nothing to do with these two technologies, OnChain was not overlooked either. Security is an integral part of Fintech innovation moving forward.

What OnChain does is offer a simple web API to secure Bitcoin funds storage. By using multisignature solutions, no one individual can send funds without the permission of other key owners. So far, the company claims to serve over 100,000 Bitcoin wallets, representing millions of dollars in transaction volumes. They also offer access to various hosted blockchain API’s through their Gem solution.

The fact that KPMG China acknowledges this company in the first place is another validation of Bitcoin and blockchain technology. At the same time, it goes to show the Fintech sector goes well beyond traditional finance. Leveraging new technologies to provide a better financial ecosystem is what all of these 50 companies are focusing on."

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