The early aim of World Bank is to help rebuild European countries that was destroyed during the World War II. But as things move on, actors began to over take the reconstruction projects which made the World Bank loose interest and shifted from that aspect. Then within the 1970s the bank shifted there interest to poverty eradication.
Then people(masses) was so much attracted to them. Using this means they captured the heart of the people, meanwhile generating powers into there hands.
The government and World Bank was in power for many years having control over the whole wide world.
But that idea of them having power of the masses came to an end in the 2008.
In 2008, a group of programmers under the supervision of satoshi nakomota published a paper describing digital currencies.
Then in 2009, it launched a software that created the first bitcoin network and cryptocurrency.
Then what actually is cryptocurrency and bitcoin.
Cryptocurrency is a form of digital money that is designed to be fast, secure and in most cases anonymous. It is a currency Associated with the internet. To a layman it called internet money. Then the first cryptocurrency that was created is bitcoin
Then what was the aim of creating this cryptocurrency?
It is was created to take power out of the hands of governments and central banks and put it back into the hands of the people.
Now what do I really mean?
Transactions are made with no middle man. Meaning no banks. There are no large transaction fees and no need to give your real names.
For instance here in steemit we easily fly money's within our self's without any bank transaction and also much more faster than banks.
Mean while more merchants are beginning to accept cryptocurrencies as a means of payment. You can shop or buy anything you need with bitcoin.
In fact it is said and we've observed that bitcoin will do to banks what Email did to Nipost
This thing called technology is sweeping across every sector, its just a matter of time before banks finally disappear.
Yeah.
Hello colleague @izuchukwu, I hope you feel very well :D. Very good post, I voted for it. I would like to invite you to follow me on my page @emmanuel250998 where I will be uploading every day the latest news about the world of cryptocurrencies. I also invite you to vote for my last post:
https://steemit.com/bitcoin/@emmanuel250998/a-man-loses-his-life-savings-by-buying-an-altered-cold-wallet
I would very much appreciate your support. A big hug and greetings from Venezuela ;)
Ok bro. As well follow me
the great post on steem bro...
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