How does coronavirus affect crypto industry?
Earlier this week, multinational professional services company PricewaterhouseCoopers (PwC) published a report suggesting that the crypt currency was ready for financing deals to likely be even more adversely affected during 2020 as the economic impact of the coronavirus crisis continues.
“Global impediments caused by coronavirus and other related events are affecting many industries around the world, including the cryptographic industry. We believe that the crypto industry is not immune to these conditions, and the number and value of fundraising and M&A transactions may be affected in 2020 as a result.”
Carlos Domingo, co-founder and CEO of Securitize, a blockbuster-based company, said that “as a young company, we see that Securitize has the potential advantage of being more agile than a recognized company.
“Since we are now well funded, with less overhead and an untouched development team, we have a great opportunity to get to know the market and develop solutions that a complex company with high overhead can experience.”
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