A Driving Force Behind Blockchain Technology: FXStreet Names Forex Person of the Year

FXStreet, an foreign exchange (FX) portal, has announced its the Forex Person of the Year award for 2016 – the winner is Richard Olsen, the founder and CEO of Lykke and co-founder of OANDA. To unlock the Asian market, register now to the iFX EXPO in Hong Kong. [gptAdvertisement] Mr. Olsen is a household name in the industry, having effectively engineered a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based peer-to-peer (P2P) zero-commission trading platform at Lykke, a Swiss fintech startup he had helped found back in 2014. This breakthrough will go a long way towards helping advance blockchain technology moving forward, a feat that has earned him the admiration of his peers. The group also recently crowd-raised $1 million to apply for broker and trading facility licenses in Europe, Asia and North America and is a part of the FX Factor at the Finance Magnates London Summit in November. In addition, 2016 proved to be an eventful year not only for Mr. Olsen but Lykke, which launched a cryptocurrency Wallet for iOS devices. The utility has helped enable tracking asset prices in real time, BTC and colored coins, transaction history, and blockchain details at a glimpse.

According to Mr. Olsen in a recent statement on the award: “This is great news. I am thrilled; you endorse my commitment to turn financial markets into a level playing field with equal access for everyone.” “Individual traders, financial institutions and economy as a whole flourish from rapidly growing transaction volumes and increased Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term thanks to improved technology and transparency Thank you for selecting me as the Forex Person of the year 2016,” he added. FXStreet has been honoring a foreign exchange industry person of the year since 2011, when the award was claimed by the CEO of Finance Magnates, Michael Greenberg. Finance Magnates interviewed Mr. Olsen earlier this year, who explained how blockchain would absorb the world of finance.