The future of currencies
It is a certain fact that impossibilities are becoming possible in every century. The way cutlass,hoe, and digger has modernized into tractor and bulldozer, horse and camel into car and cargoes, letter sending through mail and fax, yet with all the modern transformations people still make use of these ancient tools.
The same way cypocurrencies has claimed to be the modern version of currencies, it doesnt mean there would no longer be local currencies or banks. Crptoworld has claimed a lot and will still claim much more, if only we could wise up and join the train.
Cryptocurrencies can help with urgent transfer which is 10x faster than wire transfer, it can even help in maintaining our anonymity as the core developer of the technology is still yet unknown (Satoshi Nakamato), so why won't people embrace it?
Many technological and financial industries are embracing cryptocurrencies at an alarming rate. If I had known, I would have bought some Bitcoin when it was 3$, now it is $3000, am I late? NO. It is never too late to embrace technology. Imagine apple cofounder sold 10% of bitcoin now worth millions of dollars$300.
What could be the difference between the rich and the poor? I think it is information and foresight. Get informed now and look into the future. If you can't make the future you can partner in making the future, what is important is not to remain stagnant. Most of all cryptocurrencies is a good investment now before it reaches its unimaginable peak. The future of currencies is
in cryptocurrency.
Good!
Fiat is a necessary evil ! As much as the world is opening up to the world of digital currencies, we still need Fiat. Even though it will be difficult, the die hard believers in cryptocurrencies and the central banks will have to come to a consensus. I hope to see a world where fiat and cryptocurrency coexist together in harmony. Just like Mpesa and banking sector in Kenya
Indeed Fiat is a necessary evil, that is why most international organization are requiring for regulations in cryptoworld. But mind you the way crypto is designed is in a way to give full independency on what someone have. Even if fiat will play in this game, cryptocurrencies still need hundreds billion of dollars to meet up with the forex market. Crpto is still young, if fiat plays as ripples wants it, not all crypto currencies will fall for fiat.
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