What is 'Alternative Finance'; how to understand it

Banking as we know it is slowly becoming old fashioned.
 
This infographic from CurrencyFair explores how online developments have changed the face of finance.
 
If you’re paying for anything these days, it’s smart to be aware of the options.
 
If you’re looking to launch a business, consider crowdfunding. Over 65,000 projects have been successfully funded by funding platform Kickstarter. Peer-to-peer payments are ditching the banks entirely as a means of exchanging currency online.
 
Another beneficiary of the online movement are users who pay for goods online, with the infographic revealing there are over 50 million users of popular payment system Paypal. However, controversy is never far away with online purchases – especially those made with cryptocurrency like Bitcoin.
 
Did you also know that contactless payment systems saw their first use by Mobile in 1997? As the world continues to change due to the digital age and constantly innovation, it pays to stay on track with developments in the financial world.
 

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