Why Is South Korea Dumping Loads Of Cash Into New Exchanges??? What Does This Mean???
Hello World,
Recently I read an article talking about how south korea is pouring cash into hiring new employees to help keep up with the growing demand for crypto currencies in their country.
When I first read the article i immediately thought of none other than @brianarmstrong LMFAO! this is exactly what should be on his mind 24/7 given the insane number of new accounts coinbase is receiving daily. That has caused coinbase's servers to crash and the processing of payments in and out of coinbase to operate at much slower speeds
I know whenever we hear "Korea" in the news headlines its usually followed by something negative. I didn't get that feel from this article it seemed as if they are optimistic and are doing their best to try and run a legitimate business in this ecosystem. The caveat and real test will be if they can put the right highers in place cause keep in mind the crypto industry is highly technical and they really better have great systems in place to insure the highers will add to the platforms and to the bottom line as well.
In summary I don't think this news is much to panic about but perhaps the opposite it shows that our industry is being accepted all over the world as a means of value. That is going to have a tremendous influence on the overall prosperity of the entire industry.
-Much Love
It's really excited to see other countries accepting cyrptocurrency. Where I live in the US, the concept of being a YouTuber is just now being realized, so my town is far behind. Even explaining what a BitCoin is is complicated. I can't wait for the future.
I know it's truly a beautiful thing! I would tell them that Bitcoin is Digital Gold that can be sent all over the world and it will forever increase in value over the long term (due to the fixed supply)