The 5 big impacts that Bitcoin will cause in your life
Just as the Internet has changed so much about our lives, Bitcoin is being called 'The Internet of Money'.
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This means that the global money game is changing and power is now focused on people. More equality, more wealth, more choice: if you have already done some charity, or tried to save, or always wanted to make a good investment, or got frustrated with banks or governments, then you will love what Bitcoin can do for you, your Loved ones and everyone around you. Bitcoin is more than just "digital money". It is about equality, access and a more open framework for society. Let's take a quick look at five major impacts that bitcoin will have on our lives in the coming months and years.
- Justice
Certain banks, governments, and financial services companies have taken advantage of their monopoly on money. Citizens of Greece, India and Venezuela, for example, have been hostages in recent times for political corruption and economic experiences that have devastated their economies. Bitcoin's cash transfers are relatively low in cost compared to international bank transfers. Sending money abroad using bitcoin (or other encryption) can be done without using the banking system. Bitcoin can not be created or devalued by national governments and therefore is immune to inflation. Citizens of impoverished countries can buy bitcoin to protect their money from the decline in the value of their national currencies. The same applies to dollars, pounds and euros.
- Wealth
Bitcoin has shot up more than 53,000% since 2009, when the first block ("block of genesis") was created. And the future of bitcoin's value is very bright. Only 21 million bitcoins can be produced based on their distributed computer code (and 16 million are already in circulation), which means that Bitcoin has a very limited offer.
- Access
Even changing the lives of the poorest, 2 billion people around the world can not get a bank account because they do not live near one! Or they do not earn enough money to be considered "eligible" for the banking industry. Or for several other reasons, such as an apparently "simple" proof of address. Now they do not even need anything, because bitcoin wallets give them a low-cost solution for storing and transferring money via bitcoin from your cell phone. And the debit cards in Bitcoin allow you to spend your Bitcoins in various currencies (Dollar, Euro, Pounds) without giving satisfaction to any bank or government. This creates new micro economies in many remote parts of the world and will certainly lead to a better quality of life for all. With more people using Bitcoin, more can be invested in providing low-cost or even zero cost personal banking solutions to impoverished people around the world, giving access to a wide range of economic benefits that raise the standard of living for all.
- Facility
Bitcoin's growing services are proving that bitcoin is simple with easy-to-use payment options, including debit cards, international transfers and foreign exchange. Instead of using a pocket change or street bank card, you can instantly pay an account with your mobile wallet (similar to Apple Pay) or use a plastic or virtual debit card at any store or any site where Visa is I accept. It's that easy. And once you start using Bitcoin, you will begin to notice how many sites already signal that they say "We accept Bitcoin here". For example, on the BTC Classifieds site there are dozens of ads for products and services, from cars, electronics, to luxury real estate! And the "Bitcoin mania" has just begun.
- Freedom
You can ignore it for another two years until everyone is using it. Or you can be one of those who benefit today and help spread this incredible technology that will transform the global economy; Even the way we buy breakfast, contribute to noble causes, or simply enjoy holidays. Those who are familiar with bitcoin today will be given smart lifestyle choices for the future: Manage your digital money Saving and investing Spend smartly Be your own 'central bank' Support global finance innovation in impoverished regions New options for Lifestyle .
How did Bitcoin change your life? Leave your comment.
Well, there are numerous of things which have been changed since bitcoin play a huge role in my life. First of all, it changes my concept of technological stuff, like not until I knew about bitcoin that I was knowledgeable about cryptocurrencies and blockchain technology. And it also turns my financial status upside down, from having not much to spend for my meals to having more than enough money to have dinners at fancy restaurants and to save. My everyday routine also has few changes, checking bitcoin's price and this forum is like watching series TV shows