Hello,
Good day steemians ! I hope all of you are passing a good times in this midline of the year. August has already started to move on and the deeper the calendar is rolling on - the better it gets to look out to the results we will get at the fall of the year.
Its a long time ago, the last I talked about a specific genre I want to write on. What I believe that, to be able to survive in the ever changing world of finance & monetary affairs, everyone should have a sound knowledge of economy and how it is revolving around in national level and also global level.
Those who are students, they try to acquire good knowledge about many specific subject fields. But most of the times, in the universities and the higher faculties or branches of knowledge the basic factors of economy and other elements arent taught well.
As a result most of the things those students do later on, they lack the knowledge and the practical application of the knowledge into their practical life is not maintained well. So what I think is there should be the urge for each student to learn economic knowledge and how to be solvent in the tough nature of economy.
Today, I will write about economic situation and the role of cryptocurrency in the matter. Covid was a case and the Russia Ukraine war, the Palestinian conflict that let the economic structure to fall down in a quite large number. If we look at the poverty statistics, we will get to see how the system really is and the adverse conditions of the people also.
To me, cryptocurrency is a digital token that would create a new legacy into the web and the current state of the economy. Everything has a nature to change and so as the new form of monetary systems we see elsewhere.
There is a trend going on in the developed world where people are trying to be feeling comfortable with cashless economic system. So whats the magic to become fully cashless ?
Printed money is hard to protect and sometimes they get washed away if we keep them in the pocket and rain and sweat starts to corrode the paper notes. Besides, there are the chances of robbery and if paper notes fall from pocket, then scanty of chances to get them back again. Ha ha !
I guess, you found yourself in the similar situation sometimes. What cashless economic system would do is to provide people smart cards, named as other types, such as : paypal,mastercard or the wallet we use with a QR code in the security and verification protocols.
With multiple cards and the application of it in exchange of money will keep people to move on and help to secure the money and reserve it as with maximum satisfaction. Although there are some of other disadvantages, but with practice and time moving on, people will see the benefit of using it in many occasions.
Thats all for today. I hope you all are well and having a good time in your home. Stay blessed and see you another day with something else to say. Good day.