Metaco SILO: Cryptocurrency Custody & Wallet Platform For Banks?

Blockchain technology has been around for only a few years, it has already seen quite an action in the market, and actually, it is making its way into almost any aspect of modern day life. It has been embraced in the financial institutions, governments as well as the health sector, and beyond. But Metaco is reportedly a new way that is virtually transforming blockchain in its entirety.

This new platform is claimed to be focused, disruptive and across the globe. So what is it really about? Stay with us as we peep deep into the realm of this company and analyze what it has for you.

About Metaco

This company is reportedly a focused, disruptive and global enterprise, which is said to be the key to the blockchain. It is a Swiss-based company and available the world over. Metaco claims to have brought together the most talented engineers and experts with the aim of fulfilling the requirements that financial corporations have. The company aims at offering propositions for an outstanding value promotion for the clients in distributed ledger world as well as in digital currencies and especially focuses on banking and payment.

The company is said to be built from the ground up, through recruitment of outstanding talents in finance fields as well as the blockchain technology. It also boasts a solid tech infrastructure for serving its clients as well as the company itself.

Besides, the company is said to be working on the development of open payment networks as well as gaining trust through consistency in delivering value, And there is more; it has also developed specific vertical expertise that is aimed at achieving an unparalleled knowledge about the industry.

About Metaco SILO

This also comes along with the use of Metaco SILO, an option that fully integrates into the basics of most crucial banking systems.  Apparently, cryptocurrency has seen quite rapid and significant development. It has advanced from a non-existent technology to an asset and a tool used for international trade, and all of this has happened within just one decade.

A cryptocurrency is an encrypted virtual currency that is stored using digital technology and can be traded using digital platforms only. It is largely stored in distributed ledgers known as blockchains, with its value depending on the supply-demand balance. The prove of ownership is confirmed by the use of a digital key.

Cryptocurrency saw an average daily trading volume of more than $50billion in January 2018. And this has seen the currency claim light of the day, competing with some of the most liquid assets, with more investors diversifying into the new option.

So, Is Metaco SILO Real?

Well, Metaco is apparently an upcoming company that packs enough potential to influence significant changes in the industry. But it is still too early to recommend it as a go-to option as far as cryptocurrency and blockchain trading and everything about the technology is concerned.

It is thus safe to say that you should still consider working with the already established blockchain options as Bitcoin and keep an eye on these as they develop. But if you are opting to try it, then you should proceed with caution for the safety of your money.