Thursday, June 20, 2024

Companies that don’t recognize blockchain are on the losing side

Anthony Noto, the CEO of SoFi Technologies, believes that companies that don’t recognize the advances of blockchain technology risk their competitive advantage. He highlighted that if companies don’t innovate and don’t use cryptocurrency as a technology platform, they will be left behind.

Noto says the business will be smaller and less competitive. And there will be less innovation and less of a value proposition for consumers. The former Twitter COO said his personal finance firm is recording the benefits of its naming rights for Ram’s home stadium. In 2019, SoFi had invested millions of dollars for the stadium’s naming rights for the next two decades.

Noto also revealed that his family has invested in cryptocurrencies – Bitcoin, Ethereum, and some obscure and assorted digital assets. He said it’s a small part of what they own.

In regards to crypto trading on SoFi, Noto said the platform gives investors a warning that cryptocurrencies are an unproven asset and highly volatile. He pointed out that it’s the truth, but it’s an incredible technology platform. Noto believes it’s an opportunity to invest in something that’s high risk.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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