The Future of Finance: Why Cryptocurrencies Are the Solution We Need

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Hello dear and loyal readers of my blog,

Today, I’m going to talk to you about a very interesting topic titled Crypto Only.

With all the technology we’ve seen advancing in social media and the digital world, moving from the Web 2.0 stage—which includes all social networks like Facebook, Instagram, and so on—to Web 3.0, the world of decentralization, cryptocurrencies, and digital transfers, there’s been significant progress. This became especially clear when we saw the impact of being able to work remotely during the coronavirus pandemic.

We’ve found that working digitally with cryptocurrencies is truly a solution for our world. How many people were able to continue generating income comfortably from home, receiving payments digitally? A lot. This was a great solution.

I see it as a great alternative, and I honestly believe the world could rely solely on crypto transactions, mainly because there are no fees to pay to any bank or third party. Transactions made with cryptocurrencies depend solely on us. They are under our control and governed by a smart contract that is immutable and cannot be altered.

This would make transactions visible and transparent, so if a government is using money to make transactions, we can clearly see each and every one of those transactions made by their wallets.

This is because the foundation of cryptocurrency and blockchain is precisely that all operations are transparent. You can see which wallet the money comes from, where it’s going, and how it’s being used.

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I think this would be a very interesting implementation because, beyond this, there would be no banking institutions charging fees for transactions or for holding your money.

This is ideal.

I don’t believe this will lead to a system of anarchy or chaos—quite the opposite.

People will gradually embrace and accept these technologies.

Currently, we are in an early stage, or what we could call a beta phase, of adopting these technologies, and progressively, this will become more and more widespread.

In my country, we can already see a strong trend of acceptance. For example, through Hive and in various commercial establishments, using Distriutor and paying with HBD, we can make purchases of essential products, food, and even pay for services in some cases.

We’re experiencing a major boom, with nearly 500 businesses already adopting payments in cryptocurrency, specifically in Hive and HBD.

This is very important because transactions are fast, have no fees, and don’t require a banking institution to monitor your money.

This is very interesting because it’s done anonymously. They don’t know how much money you’re spending or who you are. All that’s visible is that “X” person or “X” wallet made a purchase of food, coffee, or whatever, using a cryptocurrency wallet.

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This is a huge step forward.

Additionally, not carrying physical cash is a major advantage. With physical money, you’re exposed to theft, but with digital money, you avoid this.

You can’t be physically robbed; no thief can steal your money.

I find these new technologies very useful, and I believe we should adopt them quickly. I know that over time, more and more people will have access to this.

We could even create funding programs for people in need through crypto.

For example, people could receive donations from important individuals without knowing who they are, and this would be great because the sponsor would remain anonymous.

This would avoid conflicts, as people wouldn’t be able to ask that person for money directly. Instead, they could donate anonymously from their wallet and help people around the world through cryptocurrencies.

Transfers would happen instantly, without the long waiting times we currently experience with banks, where transferring money from one country or bank to another can take up to a week. With digital currency, the transfer happens immediately.

So, there are far more advantages than disadvantages, and I believe we should work hard toward global adoption of cryptocurrencies.

I think this is something very good for all of humanity.