The Utilization Of Time
Where does the average person spend the majority of their time online? The answer is obvious, on legacy social media platforms like Facebook and Instagram. When you tally up the fragmented minutes throughout the day, it amounts to hours. Many are already spending much of their day online engaging on Facebook, Instagram, and WhatsApp. Furthermore, many perceive this as an acceptable and necessary part of life.
For many of these individuals, being online is fruitless. SoFi, on the other hand, rewards users for their contributions and engagement. However, the percentage of global society actively participating in the SoFi Creator Economy is still in single digits. It’s a very select group of individuals who, for the most part, are misunderstood by legacy-styled social media users. Legacy users love the reach while SoFi users are captivated by WEB3.
WEB3 is a myriad of creativity regarding tokenomics and monetization models. Something any digital entrepreneur should find alluring. However, those immersed in WEB3 see something a lot more significant than isolated monetization models. There’s more to this story. Yes, WEB3 and SoFi are financially rewarding. However, there is another aspect compelling early adopters of SoFi and WEB3 technology.
The Future Of Daily Transactions
Everything evolves, right? And with evolution usually comes the additional benefit of ease. Many transactions and authorizations are currently being performed via legacy social media platforms. For example, Elon wants to remodel X into a full-blown payment system and infrastructure. Think about what this would mean. This is the amalgamation of social media and finance.
The adoption of Bitcoin and blockchain brings about an amalgamation on many levels. For example, TradFi won’t simply fall away but will rather bring forth a new financial system resulting from an amalgamation between DeFi and TradFi. this is going to occur on multiple levels. Everyday payments are already “social” in nature and if payments and social media merge, where do you think the next advancement will be?
That’s right, WEB3! However, the shift to WEB3-styled payments will be almost automatic, requiring less time than many envision. If you look at the recent explosion regarding Hive and HBD payments at businesses across the globe, the future is now! Payments will become more prevalent across social channels. SoFi incorporates monetization and so includes payments by default.
As companies begin to embrace and incorporate tokenization, reward structures will emerge. Much of this will be infused into social media and eventually WEB3, and SoFi. We are still so early. The leaders in the SoFi space are yet to be identified. If you think that what is presently available is it, you will be pleasantly surprised by the turn of the decade. What we see now is only a fraction of what is to come.
Final Thoughts
Financial transactions are increasingly moving towards the social arena. The shift to WEB3 and SoFi is just a matter of time. However, in many instances, WEB3 payments and authorizations are already a part of a few lives. We are heading in that direction… eventually one arrives at their destination by simply following the road. It’s just a matter of time. See you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.