Introduction
Blockchain technology has received a lot of attention over the last few years and despite the highs and lows in 2018 cryptocurrencies have actively made headlines in recent months due to the rise in popularity. Cryptocurrencies are leaving a direct or indirect impact on people, organizations, and countries all over the world. When Bitcoin was introduced in 2009, only the people who were associated with it were able to participate in this network. Not many people were aware of the existence of blockchain technology until it received media attention and information about this groundbreaking technology began to emerge. Media coverage is one of the major reasons behind the popularity of cryptocurrencies.
As cryptocurrencies have come to unchangingly dominate the news agenda and have become a topic of interest and curiosity to a much wider consumer audience, banks have had to decide where they stand. But all cryptocurrency companies are still facing problems as reported by the major financial publication Bloomberg on March 3, they still have trouble opening bank accounts. The report is based on the complaint of CEO of quantitative crypto trading company Alameda research, Sam Bankman-Fried, that “the standard answer of ‘just go to your local chase branch’ doesn’t work in crypto.” He added though it is not illegal for banks to serve crypto businesses, it’s a massive headache that they don’t want to put resources in to solve.
The report has also pointed out that, while the larger banks avoid serving companies involved in crypto, smaller ones are trying to get hold of this underserved subset of the market. The example mentioned in the report is Silvergate Bank in San Diego, which reportedly said in November 2018 filing for an initial public offering that crypto businesses have as much as $40 billion to deposit.
NKB Group, a blockchain investment, trading and advisory firm is another example given by Bloomberg of a company that has hustled to establish banking relationships. According to a report, companies in Malta purportedly also struggled with opening bank accounts. However, Swiss Bank has recently made an announcement that it will be providing access to digital asset services to its clients, following a partnership with crypto bank start-up Seba Crypto.
Frequently Asked Questions
Our testing processes place a high priority on data security. To ensure the security of sensitive information, we adhere to a number of protocols, including the anonymization, encryption, and control of access to data. During testing, we use secure environments and data that mimic real-world scenarios without exposing sensitive information. We adhere to best practices for data protection and comply with industry standards and regulations including GDPR and HIPAA. As part of our security testing process, we employ a variety of tools and methodologies to identify and rectify security vulnerabilities.
To ensure the quality and reliability of your software solutions, we employ a comprehensive range of testing methodologies and cutting-edge tools. Our testing approach includes:
- Manual Testing: We use structured test cases to identify usability, functionality, and design issues.
- Automated Testing: Automated testing streamlines processes, improves efficiency, and ensures consistency.
- Unit Testing: JUnit, NUnit, and PyUnit are unit testing frameworks we use to validate the functionality of code units.
- Integration Testing: We verify the seamless interaction of various system components using tools such as Selenium, Appium, and Postman.
- Performance Testing: To assess system responsiveness and scalability, we employ tools like JMeter, LoadRunner, and Gatling.
- Security Testing: Our security testing includes vulnerability assessments and penetration testing using tools like OWASP ZAP and Nessus.
- User Acceptance Testing (UAT): We collaborate closely with your team to ensure that the software aligns with your end-users’ expectations.
You can count on us to improve the visibility of your website on search engines by using our SEO services. On-page and technical SEO best practices are implemented by our team, content is optimized, and search engine optimization strategies are provided to improve the search engine rankings of your website.
We adhere rigorously to project timelines and deadlines at our software development company. To ensure on-time delivery, we use meticulous project management, agile methodologies, and clear communication. Depending on the scope, complexity, and your specific requirements, we conduct a comprehensive analysis and planning phase. Our project managers then track progress continuously using agile frameworks. We maintain regular status updates and transparent communication channels. Whenever changes need to be made, we let you know promptly while keeping you updated.
We specialize in a wide range of technologies and programming languages, including but not limited to Blockchain, .Net, JavaScript, C#, Ruby, PHP, Wordpress. Our expertise covers web development frameworks like React, Angular, and Vue.js, as well as mobile app development for React Native, Flutter, iOS and Android. We also have experience with cloud platforms such as AWS, Azure, and Google Cloud, and are proficient in database systems like MySQL, PostgreSQL, MongoDB, and more. Additionally, we are well-versed in DevOps tools and practices to ensure seamless deployment and ongoing maintenance of the software we develop.
Our company offers a wide range of development services, including:
- Web Development: We specialize in creating custom websites, web applications, e-commerce platforms, and content management systems.
- Mobile App Development: We develop mobile apps for iOS and Android platforms, from concept to deployment.
- Software Development: Our software development services cover desktop applications, business software, and cloud-based solutions.
- Blockchain Development: We have expertise in blockchain technology, including smart contract development and decentralized application (DApp) creation.
- IoT Development: Our Internet of Things (IoT) development services encompass connecting physical devices to the digital world.
Navdeep Garg
I'm founder and CEO of Revinfotech Inc. I traits in leadership and brilliant practitioner in the Financial Services and FinTech. I helped ban in connecting to the FinTech ecosystem through payment acceptance in blockchain as a service and even help i... read more