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It’s the technology that made global payments not only fast but also affordable.
And, that statement seems to be coming true given the increasing popularity and demand for blockchain.
But, can blockchain achieve or maybe surpass the popularity of the internet?
Let’s find out.What is blockchain?Blockchain is a decentralized ledger, where information is stored in connected blocks.
As a distributed ledger technology (DLT), blockchain stores information in a decentralized, public manner such that it is viewable to everyone but cannot be changed, which makes it secure against unauthorised access.
The lack of a centralized point of error/weakness is what makes blockchain the most secure way to store and transfer digital data.The core properties of blockchain include security, programmability, anonymity, immutability, distributed, unanimity, and time-stamping.
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MoonPay, a financial technology company building developer tools for fiat-to-crypto connectivity, today announced the addition of cybersecurity veteran Nils Puhlmann as Security Advisor at MoonPay.
This addition reflects MoonPay’s increased commitment to security as the company continues to scale and service more than 80+ partner integrations across leading cryptocurrency exchanges, wallets and decentralized applications.“At MoonPay, we are building mission-critical infrastructure to accelerate cryptocurrency adoption,” said MoonPay co-founder and CEO Ivan Soto-Wright.
“As we are mapping our goals for growth, it is essential that we prioritize security and privacy for our users and partners above all else.
In Nils, we have a seasoned security executive who has built some of the strongest security teams at places like Twilio, Zynga, and Electronic Arts, and we feel tremendously honored to have his guidance.”Over the month of March, MoonPay has witnessed an 80 percent surge in cryptocurrency purchase volumes through its fiat-to-crypto service solution, in part driven by the global market’s recent bout of volatility and economic uncertainty.
Fintech News“The cryptocurrency space is still an evolving industry and as we have seen in the past with cloud computing and IoT, security and privacy are imperative to its success and widespread adoption.
Deploying mature security programs will be essential for every major player in the cryptocurrency space and I look forward to guiding MoonPay over its next phase of growth,” said Nils Puhlmann.To date, the lack of banking options for crypto businesses and lack of compliant fiat-to-crypto onramps have presented the largest obstacles to mainstream adoption of cryptocurrency.