Cryptocurrencies like Bitcoin and Ethereum have a growing track record of holding and increasing in value over time. In advanced economies, cryptocurrencies are viewed by many with suspicion and are seen as speculative and highly volatile fads that can only end badly. As a matter of fact, regulators in Europe and the US have issued stark warnings about the dangers of trading crypto.
But in the developing world, however, there are signs of crypto quietly growing deeper roots. This is especially true in countries that have a history of financial instability or where the barriers to accessing traditional financial products such as bank accounts are high.
Cryptocurrency use is fast becoming a fact of daily life.
That being said, here are some reasons why cryptocurrency will change your financial whether or not you’re a crypto investor.
With a decentralized database with no ownership and is overseen by everyone, crypto is poised to make seismic shifts in the way banking is done in both a personal and global level.
Recently, Paris St. Germain striker superstar Lionel Messi hit global headlines because part of his compensation packages included cryptocurrency “fan tokens.”
What are fan tokens? Similar to shares, fan tokens allow holders to help guide decisions made by the club—not dissimilar to the way shareholders are able to vote and hold a company accountable.
The hottest, most valuable art right now is unlikely to be found in museums. Rather, it exists on the blockchain as a non-fungible token (NFT). For many artists, turning their art into an NFT not only allows them access to a global artistic stage, but allows the definition of art and collectability to continue to evolve and expand, causing ripples throughout art, society, and culture.
As the crypto world expands, so too does our definition of reality. One element of this is the metaverse—the space beyond the real world that currently exists when you enter a virtual world, as in a video game. Blockchain technology has enabled people to buy and “own” worlds online. As a result, this world has expanded into our lives and will expand in our wallets in the future
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