or service, for example, it is enough to have a mobile phone with a mobile operator's
special payment application installed. [20].
A new electronic financial has become widely used in the Internet recently - direct
lending from a depositor to a borrower without the participation of banks - P2P-
lending. According to forecasts by financial analysts of the American investment bank
Morgan Stanley, in 2016 the world's p2p-lending will double in comparison with 2015.
The most famous provider of such services remains the British company - Zone of
Possible Agreement, which was created back in 2005. Such companies as Prosper and
Lending Club, international Kiva, Canadian Community land, German Smava are
among the leaders of P2P lending. According to Morgan Stanley, the market for P2P
lending will reach US$ 122-billion by 2020, while in 2013, this figure amounted to
US$ 5.2-billion, and in 2015 – US$ 36.7-billion [31].
Thus, such new financial innovations should primarily focus on the modernization
of the transaction format itself. Further development of the service of equal transactions
(P2P) will allow banks to instantly transfer money between accounts. Some countries
have already introduced such payments in real time (Mexico, Brazil, etc.) while other
countries (Australia, Finland) intend to accelerate payment processing in the near
future. In countries, such as Bangladesh, Kenya, the Philippines and Zimbabwe, the
disadvantages of the traditional banking sector are offset by alternative financial
services: mobile P2P transfers are performed instantly while payment processing in a
bank can last up to five days. [18; 32].
Blockchain is up to make the revolution in the world of international finance.
Blockchain (or "chain of transaction blocks") is a system which serves as a basis for
the well-known cryptographic currency – bitcoin. As soon as the bitcoins change the
owner, new lines are added to the chain of the code. The time and participants of each
transaction are fixed in a secure form, during which bitcoins migrate from one digital
wallet to another. This information is stored on all computers that participate in bitcoin
trading, and each new agreement is only provided if the bitcoin network is using the
algorithm which confirms its legitimacy. This eliminates the reuse of the same bitcoin
by any consumer, and the authenticity of transactions is verified only by its members,
without regulators and intermediaries.
It is possible that blockchain will become a new way of concluding contracts
without the participation of third parties or registration authorities. Accordingly, there
will be no need for notaries to buy real estate or clearing houses for trading securities.
Such a chain of transaction blocks is a real threat for financial groups. Bitcoin Crypto
Currency actually has many advantages: it can be split into small pieces or micro-
payments to buy, for example, a game or article on the Internet. With their help, you
can make payments up to 50 cents or even less which is beneficial for representatives
of small businesses. Nowadays, checks, credit cards and bank transfers are not
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