Cryptocurrency is definitely here to stay, it will take over the world some day and paper money might just be history. With such an evolution coming, what do you think should be done to make the Crypto world an easier and better one, so that everyone can benefit equally from it. Please share your honest thoughts, we might learn a thing.
Thanks so kindly hive learners for this prompt, it's indeed a privilege to share my deliberations about the dynamic world of finance, particularly Crypto.
- Owkayy, this is a very interesting topic and as I share my thoughts about it, my intention is to trigger your intelligence faculties to think the way I do and maybe somehow, someday, we can implement these things and cause a change in our world.
Crypto here to serve and here to stay.
We are already venturing into the days where Crypto will be at the forefront of the financial system so the earlier the world starts understanding its dynamics, the better. However, a number of strategic steps can be employed to help people, governments, organisations and systems grasp and embrace it entirely.
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First and foremost: Incorporation into the educational system globally.
Schools should add the learning of Crypto to their syllabuses. In order for no one including the upcoming generation to be left behind but be up to date on trends in the financial world and how to leverage the opportunities that crypto provides, crypto should be taught in the schools at all levels of education.
Secondly: Incorporation into the finance and banking system.
Knowing the potentials of crypto and how it has revolutionised the financial system, since it reduces and infact takes out the need for middle men (banks) and exchange of currencies; the government and leaders of nations have to integrate it into the financial system of their countries in order to further advance financial transactions and investments of their citizens, organisations and institutions.
Thirdly: Reviewing the cybersecurity protocols with new or improved cyber watch dogs.
No doubt, the potential threat of cyberattack if crypto is finally integrated into the financial system is inevitable but this can be combated by improving the security of the internet, revamping regulation, global security protocols, unrestricted online authentication, generalised etiquette governing the virtual world, assisted by keen cyber watch dogs.
Therefore, the innovation, efficiency and engagement of crypto should and must be balanced with its impact on the security and financial industry. I believe that if these points are taken into consideration, Crypto would become much easier, better and can afford everyone the opportunity to take advantage of it.
Till next time...Have a most amazing weekend 😉
