Back to the earlier days, nobody in the world would talk or knows about this. Even cares on the subject but now the whole world knows. Yes! From the west to the east where the internet goes. No matter who you are, what color, from which country in the part of the world you are in and what political mind do you have. Thus, the idea of border-less currency so much interesting, inspiring and sip through every heart of the humans in the world. Attracting like a magnet. Why? A lot of reasons and the most appealing is Fiat Currencies been compromised. In the era of internet, knowledge from books, library, newsletters, newspapers etc are from the past. Now with click of a button through the internet search engines, everything you need to know been presented systematically, clearly and precise. Rumors and propaganda been checked, scrutinized and verified. Nobody would take words 100% now before any research been carried out.
Due to economic turmoil, fiat currencies drastically decrease in values questioning on storing value capability this tool has. Forex market drive like nuts recorded unpredictable charts. Prices go horribly terrifying with the crazy ups and downs which depend on the nation economic status. Political interference resulting all sort of corruptions from the top until the grass roots. So many countries around the world mentioning a few like Venezuela, and India do not trust their own centuries old currency. Nothing to depend on, jobless and poor. Normal banks is a no no. Rejected before even start! Closed bank normal this days.
Then come the cryptos. Most of the imperfection been ease and iron out, border-less concept, decentralize and mores. Blockchain been introduced which undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto in the era of recession and uncertainty. People looking for alternative ways, better transacting tool, better storing capability, uncontrollable and decentralize. Now, there are not less than 1,037 different types of cryptocurrencies available. ( source : CoinMarketCap website; credit to Wayne Duggan). People starts to learn, doing research and follow through. Then, starts to buy and invest. Slowly but surely put their trust on the existing of cryptos. Volumes of cryptos getting higher each single days. Companies also start to jump in the wagon. New ICOs created introducing smart contracts. Governments unable to deny the existence and fiat banks start to worry of losing customers as monopoly no more owned by them.
Cryptos acceptance? News say it all. Not FAKE! Bitcoin alone in $3,400 region. Tremendous achievement considering in short period of time. Others cryptos much the same. Direction is UP and UP and UP. Those retailers and merchants who opts out might reconsidering their business decision and skepticism. People like you and me are excited on the future it brings. Everybody can have an account without restriction. E-wallet, anyone?
In time, more people will realize and start to compares with traditional (fiat money). Just like email, acceptance will be 100%, yes? Agreeable the stability now is at par but adjustments, twicks, scalings or other jargon are all on the way. Considering the early email, remember? Maturing just like us, human will takes time. But bright future awaits. Believe?
There you are. Undeniable and unstoppable. Success of so call internet money, future era money and whatever name you want to call it, really have the propositions, ingredients and essence that we users are looking for.
Since it is border-less and decentralize, one currency for the whole world! Less political turmoil! less corrupt, not owned by any nation etc. WHAT DO YOU THINK?
very informative...
Gladly....