It will not be a mistake to begin by saying that we are still in the early days of cryptocurrency. Blockchain has brought about a complete movement or a shift from the traditional financial system to a more secured, transparent and decentralized alternative to the financial systems, in a clear view to empower individuals, redefine trust and change industries by revolutionizing the system.

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We have seen many project being built, with many more coming into this space. Influenced by outstanding innovations and great ideas uniting the world's brightest minds all with the vision to change the world. Not just the financial system, but to give humanity a whole new experience with the emerging technology including with the introduction of artificial intelligent {AI} We will explore much on how crypto and blockchain technology will change the world, most especially our financial and monetary experience which is one of the reasons why I prepared this article. Before the introduction of cryptocurrency, the traditional financial system was frustrating, with higher transaction fees, ranging from 2% to 10% which to me the fees were very high especially on cross border transactions which sometimes take days to settle. Like international transfers, most of the time would cost $30 to $60 dollar depending on the amount involve. And this can take more then 4 { Four } business days to settle. Most people access to services were limited, frustrating, time taking and discouraging. To these effect, most people didn't care much to own personal account, due to banking difficulty. They prefer to keep their money at home which doesn't really make sense. As the money is in cash, there is every possibility for excessive expenses, and savings with no yield. ### THE CHANGES INTRODUCED BY CRYPTO INNOVATIONS: Cryptocurrency has brought a lot of changes to the financial world and beyond with good innovations like; 1.**Decentralized finance:** The cornerstone of cryptocurrency is its decentralized nature, eliminating the need for intermediaries like banks or governments. This shift democratizes finance, giving individuals greater control over their money. With crypto, anyone with an internet connection can send, receive, or invest funds without relying on centralized institutions, which often impose fees, restrictions, or exclude the un-banked. For the people who lack access to banking, cryptocurrencies like Bitcoin {BTC}, Bitcoincash {BCH} and stablecoins offesr a lifeline. In regions with unstable currencies or high inflation, crypto provides a store of value and a medium of exchange that isn’t subject to government mismanagement. This financial inclusion empowers individuals, fosters entrepreneurship, and fuels economic growth in underserved area. 2.**Transforming Global Payments:**Because Cross-border payments are often slow and expensive, with fees eating into remittances that many families depend on. Cryptocurrencies like Bitcoincash, and Hive, with stables like USDT and HBD enable near-instantaneous, low-cost transactions across borders. Example; In a single transaction where you could have paid fees ranging for $10 to $60 in a traditional system, with crypto like BCH and Hive you will pay almost close to zero fees. 3.**Introduction of web3**: Crypto is a cornerstone of Web3, the next evolution of the internet, which emphasizes user ownership and decentralization. Unlike Web2, where tech giants control data and profits, Web3 envisions a user-centric internet powered by blockchain. Crypto tokens incentivize participation in decentralized networks, from file and data storage (like Hive) to computing power { like Golem } This shift could disrupt monopolies, giving users control over their data and digital identities. For instance, decentralized social platforms like Hive blog allow users to own their content and monetize it directly, challenging the dominance of centralized platforms like face book, X, instagram and more. 4.**Crypto empowers Creators and Innovators:**Cryptocurrencies are fueling a new creator economy through decentralized platforms. For example; artist, musicians, and writers monetizes their work directly, bypassing centralized difficulties. Platform like Hive blog and enable creators to monetize their content with blockchain ensuring authenticity and ownership. These are the few changes mention above out of so many cryptocurrency has introduced. It is important to know that we are still in the early stages of cryptocurrency economy. In 5 years from now, crypto will make finance more inclusive, decentralize power and reshape industries with blockchain. We should be expecting faster and cheaper transactions, wealth building and wealth transfer, including with new digital economy. If you have read this far and you feel well entertained, please can you give a thumbs up and follow more articles

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