"Use and potential of technology in the financial sector".

Today I am going to participate in a Contest:-"Use and potential of technology in the financial sector" competition among you. First of all I want to thank @mainuna sir for organizing such a beautiful and interesting contest.

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blockchain technology is very important in the future of finance. Because in the future, ignoring the fact that technology will improve a lot, it is expected that blockchain can improve a lot. Because although the future plans are unknown to all of us. However, through the medium of changing technology, another improvement will come because business, banking services, etc.

All these things are of great use to our technology. Again, blockchain is very useful for economic use. Or in other cases, blockchain can be sent abroad with fast banking services. For any economic transaction, these can be sent very quickly through blockchain.

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Mobile financial services are a much easier medium for us than banks. Earlier we used to stay behind banks a lot, but now we can send money through bKash or Nagad. This medium is actually much easier than before due to the development of technology. Money can be easily transferred from any place to the said number.

This has given many benefits to all the people of today. Money comes very quickly, as I will give an example. A foreigner will send money to Bangladesh through a very easy medium, that is, he will send money through bKash or Nagad to the said number after sending the money. The money will be received.

This is because the people have received a good service from technology. Also, as the elderly have seen, allowance money is given. He gets it very easily through this medium. In this way, these financial mediums are transforming the economic way of life of rural people.

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The price of the cryptocurrency market is always fluctuating. For example, Bitcoin is called the king in the world of coins. It has been much improved since before, but it has been stalled for a while. There is nothing to lead the cryptocurrency. The price of the coins in this cryptocurrency market is always fluctuating, depending on the buy and sell.

This cryptocurrency can challenge the bank's transaction costs as much as I know. There are many coins in the current cryptocurrency market that have very good prices. And these can be expected to have a good impact in the future.

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In the financial sector, people around the world are using artificial intelligence AI to do various types of work. If you need to know any task or question, you can ask AI and it will solve it very quickly. In other cases, if you write a line of a story or movie, AI will create a script very beautifully. This is being created only with artificial intelligence. Artificially, this AI can create any work perfectly.

These are the advantages. And speaking of the disadvantages and challenges. Nowadays, people are using AI to get their employment tasks done very quickly. People are suffering a lot. They are using AI without using their own brains. However, these are very harmful aspects for people. If you look at the reality, people will face many challenges if they use this artificial intelligence.

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Whether digital banking vs. historical banking will survive in the next decade depends on our current technology. These depend on technology, without which such systems are useless. There are many facilities in the field of digital banking. For example, using a mobile phone app, money can be easily withdrawn from the bank through mobile apps, this is an advantage in the field of digital banking.

Otherwise, there are traditional banks. People trust a bank and deposit money in that bank. All this is due to the great competence of the bank authorities. What I know from my own experience is that in the coming days. I hope that digital banking will survive.

Thank you all for reading my post.I wish you all enjoy my post. I hope you all are inspire me in this platform #steemit.I want I do my best in this platform.stay safe stay happy.