Decentral starts initiative to transform Canada into the world’s fintech hub

During the last couple of months, the Fintech market has seen a significant growth, with numerous startups making massive investments to play a role in shaping our world’s financial future.

Decentral, which represents a leading hub for decentralized technologies over in Canada, has recently announced the launch of an organization meant to transform the country into a region where fintech innovation strives. The organization, known by the name of Accelerate Finance has also launched an invitation to financial professionals from all around the world to join.

The project has been started up with the help of several Canada-based companies, financial institutions and even governmental departments alongside with accelerators and fintech startups. Members will also include representatives from startups, key institutions and prominent companies in the financial market.

The main scope of the membership-based and independent organization is to unite members of the fintech community, and use this significant workforce to push Canada towards the goal of becoming one of the world’s leaders in the financial sector. Some of the areas of focus will reportedly include digital currencies, peer-to-peer lending, insurance, compliance, banking, settlements, crowdfunding, authentication management, digital wallets, micropayments and more. Additionally, the organization will also try to modernize Canada’s current legislative framework, to better suit the fintech innovations that Accelerate Finance will be pushing out.

Based on everything that has been outlined so far, what do you personally think about Decentral’s project? Let us know your thoughts in the comment section below.

Source: PR

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