Blockchain technology has grown enormously in recent times and has emerged as one of the most prominent disrupters across industries. As the foundation for the cryptocurrency industry, Blockchain technology is currently being adopted by major tech innovators globally.
Forbes has published its list of top 50 blockchain firms, in which 21 new names have been included.
Forbes Blockchain 50 for 2021 Includes Many New Names
The list of the leading 50 Blockchain firms includes some of the most prominent mainstream financial players, showing that Blockchain and cryptocurrency are gaining massive attention.
PayPal, which is the world’s most widely used payments transfer platform, has debuted in the list after its integrated Bitcoin and other cryptocurrencies in its platform. Visa is also included in the Forbes Blockchain 5 list; the payments giant announced that it will support cryptocurrency directly on its platform. MicroStrategy has gained popularity as it adopted Bitcoin as its primary treasury reserve asset.
Forbes said that the Blockchain began to move Bitcoin from one source to another, whoever the technology has evolved gigantically since then and now it is used as a primary means to monitor assets movements by largest of the firms. The second annual list of leading blockchain firms that embrace the underlying technology cryptocurrencies like bitcoin and use it to speed up business processes increases transparency and potentially saves billions of dollars. The firms need to make at least $1 Billion annually and must be valued above $1 Billion.
Grayscale Investments, a leading asset manager and runs Fund trusts for several cryptocurrencies like Bitcoin and Ethereum, are also included in the list. Fidelity Digital Assets, which also provides institutional investment in Bitcoin, was in the list.
Amazon was listed as the top Blockchain firm in the list for its highly used blockchain tools. Ant Financial that utilizes its Blockchain to validate its payments and receivables was ranked second. While many leading technology players who use Blockchain were in the list, it is interesting to note that crypto firms and exchanges also made it to the esteemed list. Cryptocurrency exchange Coinbase, Binance and derivatives exchange CME found a spot in the list. Bitfury, Microsoft, Vanguard and Square have also debuted in the list.
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