INTRO: CRYPTOCURRENCY HAS COME TO STAY!
The effect of digitalization cannot be denied on the global economy. And because of the global economy, we are going to need a global currency. This is where cryptocurrency comes in. Cryptocurrency is a great democratizing currency for the world because it is going to provide a level playing field and allow anybody with a cell phone and internet to access global financial services.
THE CURRENT STATE CURRENCY AND THE FINANCIAL SYSTEM.
Currency is a connecting tool that allows us to agree upon a value. Cryptocurrency is going to transform how we think about the global economy. In the current financial system, a lot of middlemen has made normal currency dealings and transaction to be cumbersome.
The value of the currency of different countries is fluctuating and centralize exchange system is not stabilizing in any form. And the financial policy dominance of the so-called world power over other countries mostly the third world countries is nothing to write home about. If I can say, the global financial system has been monopolizing by few.
WHERE THE FUTURE FINANCIAL SYSTEM IS MOVING TO NOW!
Over 1.8 billion people in the world have access to a cell phone but no access to the global economy. What cryptocurrency has the capacity to do is that anybody with a cell phone and access to the internet could have access to the world global economy. The effect of the internet on the world system is massive and it is going to boost the effect of cryptocurrency in the world financial system.
BENEFITS OF CRYPTOCURRENCY AND BLOCKCHAIN TO THE GLOBAL ECONOMY.
- You can send money or make payment to anywhere and any person without going through a bank or credit card company.
- You can make a transaction without going through those giant policies.
- Cryptocurrency is going to bring decentralization of financial policies.
- Cryptocurrency will eliminate the issue of a single point of failure.
- With cryptocurrency, you don’t need a middle man to keep your ledger. You can always track your transactions.
- Cryptocurrency makes us richer and wealthier because we need less time, money and effort to get something done.
- Cryptocurrency is going to contribute so hugely to the global economy because of the huge participation of people from all around the world.
CONCLUSIONS.
Spread the message, sensitize you people, tell them that the future of the global financial system is in the blockchain technology and crypto currency.
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