Cryptocurrency has been volatile and has often been referred to as the financial wild west. BiPS which is short for basis points is used in the finance and banking world to describe units of financial measure. i.e. a 0.25% interest rate rise is known globally as a 25 BiPS rise. The technology and global network of computers behind the cryptocurrencies are known as blockchain.

The blockchain is actually very secure, in-fact most clearing banks of the world are currently piloting their own digital currency. The security and speed of transfer for digital money are in the seconds as opposed to old-school clearing banks day’s. This near-immediate transfer brings many benefits, not at least huge structural costs savings.