COINMETRO- THE FINTECH PLATFORM THAT IS CRITICAL TO CRYPTOCURRENCY MAINSTREAM ADOPTION

CoinMetro is a hybrid Fintech company the goal of serving ‘as a conduit between traditional finance and the digital asset economy'. The platform is a hybrid Fintech company within the Blockchain and traditional financial markets industry that is developing an all-in-one blockchain solution for crypto enthusiasts, with the aim of unifying the digital assets' economy and the traditional financial markets for the sole purpose of maximizing clients and investors' financial value.
The Coinmetro's business model (ecosystem) is an ambitious one that is built on a cryptocurrency exchange platform designed to remedy all the shortcomings of already existing exchanges; ‘a trading platform that offers a unique digital assets investment opportunities'; and lastly, a ‘complete ICO solution that enable vetted ICOs have access to transparent and secure fund rounds’ with all the technical support necessary for an ICO sales success. Their business model fit the Blockchain industry because their entire ecosystem design and operation is built on the Blockchain technology.
The project’s roadmap is detailed and achievable, but the entire ecosystem might not be ready within the stated time frame. The reason is because a project of this nature is highly sensitive- data and security wise, and requires kin attention to security, scalability and system processes for the purpose of setting a long term reliable business operations. Hence, there is need for workload testing, security vulnerability checks, and other bugs and lag fixes, so as to ensure a full-proof working system.
Some of the major strengths that CoinMetro has over related companies is the ability to incorporate several independent projects into one ecosystem. This will make the company to stay competitive within the Blockchain Fintech industry, and also, it will allow novice digital assets' investors from the traditional financial markets industry to enter the crypto economy in full swing without fear of total capital loss as currently experienced today. The CoinMetro platform has the potential of being highly disruptive, thereby increasing the popularity of cryptocurrencies for mainstream adoption. In addition, the competitiveness that CoinMetro platform will create within the industry, will make other Blockchain and Crypto start-ups to sit-up and deliver top notch quality projects. Despite the platform's strong potentials to succeed, if the entire ecosystem is not well planned, implemented and managed, the Platform will be at serious risk of falling short of the same existing industry problems. Security loopholes, poor backend and frontend designs will in the long run affect the system's scalability potentials when new investors and clients starts trooping to the platform. If the security architecture is not carefully designed and implemented the platform stands the risk of system hijack, and account hacks, stolen funds and constant DDoS attack. Another potential weakness of this platform will be constant hack attempts by hackers. This why it is important for the platform to get its architectural design, build and implementation right from the beginning. Although CoinMetro's business model is innovative and sustainable for a long term, there is already a potential competitor (the EOtrade platform) working hard to implement similar business model proposed by CoinMetro. However, the major difference between the two platforms is the implementation strategy, but the fundamental goal is unifying the traditional financial markets with the disruptive Blockchain-Fintech industry, for the purpose of positioning the new financial markets and it’s related businesses and services (cryptocurrencies and the Blockchain-Fintechs) into mainstream adoption. Hence, what will give CoinMetro an edge over its competitor(s) will be the ability to deliver a flawless system within the shortest possible time frame.
There is a high possibility of long term success of CoinMetro platform. This is due to the innovative business model of the platform; the disruptive nature of the Blockchain industry which creates the potential for business start-ups within the industry to experience exponential growth rate in revenue and popularity. Furthermore, the potential of long term success is dependent on the platform's management in terms of professionalism and service delivery to clients.

Written By:
Obasi Francis Ifegwu
+2347032199946
Telegram: @francisobasi

Obasi is a graduate of Political Science and Public Administration from the university of Benin. He is a crypto enthusiast and Investor, who loves to write and analyse the potentials of cryptocurrencies and Blockchain projects.