Fintech & Cryptocurrency

What does the term 'Fintech' refer to?

• A. Physical banking services delivered using mobile phones

• B. The use of digital tools to replace traditional banks entirely

• C. The integration of technology into financial services to enhance accessibility and efficiency

• D. A cryptocurrency exchange platform

Cryptocurrencies operate on a __________ system known as the blockchain, which enhances both __________ and security.

According to the passage, which of the following is not an advantage of Fintech?

• A. Greater financial inclusion

• B. Reduced financial regulations

• C. Lower transaction fees

• D. Real-time financial services

One of the key disadvantages of cryptocurrency is its high __________ and potential for __________ due to lack of regulation.

Which example best illustrates a practical application of Fintech?

• A. Printing banknotes for circulation

• B. A person investing in real estate through a bank

• C. A gig worker using a micro-investment app on their phone

• D. A farmer trading livestock in a rural market

Do you think cryptocurrencies should be more strictly regulated by governments? Support your opinion with two reasons based on the passage.