Future of Business when Cryptocurrency adopted // 10% for TFC
Cryptocurrency is a digital money and it is secure through advance encryption technique called cryptograph. The first successful cryptocurrency was bitcoin and it was created by someone with an assumed name called Satoshi Nakamoto. Bitcoin success was hugely through the help of the first blockchain database.
Satoshi vision a world where transactions are done in a decentralized manner. With decentralization, we do not need to depend upon on a third party before we can make transaction as seen in the financial sector today. With secure decentralized wallet, you are completely in charge of your assert. This can prove very helpful to business when cryptocurrencies are fully adopted.
The fact that our banking system operate on a centralized system posess some problem which limit trading in certain area. Some of this problem include security breaches, regulation compliance, cultural shift and consumer retention. All these reasons are limiting the way we do business.
The cryptocurrency with business world can achieve its full potential where anyone can do business regardless of it nationality or currency, without the fear of is account been frozen by the government as seen in today’s world. Many countries face economic sanction from the world superpower. This limit the trade the sanctioned country can do and one thing about trading is it works in both ways, the buyer and seller gain something at the end of the trade.
Cryptocurrency will bring about boundary less trading which will be beneficial to everyone in the business world. But to fully adopt cryptocurrency into the business world, it might take a while because cryptocurrency is a new form of money and many people have no or little knowledge on how it works. We still have a long way to go in educating people to what cryptocurrency is and how secure they are.
My CONCLUSION
Cryptocurrency has been wildly accepted in the world and with development still going on about how to improve it potential I know it a matter of time before we see cryptocurrency as the new issued currency for business worldwide. We just need to try and educate anyone close to us and we know is have a difficult time trying to understand the working principle of cryptocurrency and this will make the process faster than expected.
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Nice to read your post. Because you gave a pretty good idea about cryptocurrency. Which I like a lot. I have shared the description of everything very nicely with us. Thanks for pointing us to this.
Thanks a lot dear brother
Thanks for bringing this up. Do you think businesses could get rid of fiat and continue running a successful operation solely on crypto?
Yes, Thanks for your comment
interesting article Thank you for sharing it here and I certainly have read it
Thanks a lot dear