~Why Cryptocurrency Should Be Taught In Universities ~

rheda (52)in #cryptocurrency • 7 years ago (edited)

Cryptocurrency is a revolution that have taken over the entire world. Today cryptocurrencies have become a global phenomenon known to most people. While still somehow complex and not understood by most people, banks, governments and many companies are aware of its importance.

But beyond the noise and the press releases the overwhelming majority of people even bankers, consultants, scientists, and developers have a very limited knowledge about cryptocurrencies.

It was disheartening for me to ask a 300 level student studying finance and accounting in this 21st century about Cryptocurrency, bitcoin, blockchain and he has never heard a word like that before.

That is why it is very difficult to talk and invite people in Africa to join steemit, because they don’t even have the slightest idea about anything crypto.

Cryptocurrency should be taught in our universities because we are moving from a cash base society to a cashless society and cryptocurrency is one of the way out.

Many universities across the US, Russia, UK and Europe have added new courses to their existing finance curricula that are focused on cryptocurrencies, bitcoin, and blockchain technology. Cryptocurrency is a digital asset designed to work as a bridge to secure financial transactions and a decentralized way for users to directly transact business online.
Blockchain on the other hand is the technology that powers cryptocurrencies such as Bitcoin, Steem etc. which is gradually gaining mainstream attention, as more prominent universities are adding it to their course lists. Presently, the universities that offer the blockchain courses globally include: New York University, Duke University, Princeton University, Stanford University, University of California-Berkeley and Blockchain University all in USA.

In the UK, they are University of Cumbria, and B9 Lab Academy. In Europe, you have IT University of Copenhagen, Denmark and Cyprus University of Nicosia, while in Russia, the Moscow State University, Higher School of Economics, Saint Petersburg State University of Economics, National University of Science and Technology and Moscow Institute of Physics and Technology. University of Edinburgh also plans to become one of the first major European universities to launch a Blockchain course.

The importance of these courses to Nigerians/Africans is that the world is gradually moving away from cash based currency to digital/cashless currency.
In total we have about 29 cryptocurrencies which are heavily patronized during business transactions.

In the UK, the major reason for these new courses, according to experts, was due to the increasing demand of cryptocurrencies from various sectors globally.
It might interest you to note that 1 Bitcoin equals $4183.35 and 1 Bitcoin equals to about N1,425,777.50. The irony of this development is that central banks of the countries where these digital currencies are operational have no control over them. The appreciation of the digital currencies is determined by a natural force.

Experts say the demand for Blockchain expertise is coming from all sectors like financial services and retail, and it is far outstripping supply.

According to IBM’s Vice- President of Blockchain Technologies, Jerry Cuomo, the best Blockchain engineer can earn a salary above $250,000.
Also, Michael Mainelli, who runs Blockchain training courses for senior executives at his consultancy, Z/Yen said: “It is a hot market at the moment because most of the large corporates want to be able to say they have a Blockchain team.

Many people who listed Blockchain as a skill on the site are based in the US, followed by UK, France, India, Germany and the Netherlands. Also, almost a quarter of them listed Bitcoin as their skill, while 16 per cent added Python, which is a programming language and nine per cent added cryptocurrencies as their skill.

Where are Nigerians/Africans in this trend?

Even Bill Gates, America’s richest man threw his weight behind cryptocurrency and digital currency,

where is the richest man and all the billionaires we have in Africa?

In my Opinion Cryptocurrency should be taught in our Universities because the potential of these Blockchain-based technology to change the economic structures of our society in today’s digital age is very high.

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