The future of Business when Cryptocurrency is fully adopted.

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.

Image Source

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 London Times in the 3rd of January of 2009 newspaper has Satoshi’s hidden message through the first bitcoin block genesis.
Image Source

Business involve all activities someone engage in to make money by either producing or buying and sale of product for example goods and services. Business has been a key part of our day to day live for thousands of years now. We started with exchange of goods for goods or services (trade by barter) and around 5000 B.C we begin to use metal money which changes the way we do business. Due to the increase in wealth by certain individual and a safe place is needed to keep their money so bank was introduced.
The ancient empires also uses bank to facilitate trade and also collect taxes form their citizen.

Image Source

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.

With cryptocurrency the 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. So when I country is not allow to trade what it has for what he needs with some of the most biggest nation on earth in respect to economy, the two nation are missing out in what they can offer each other.

Image Source

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. This is a big problem especially in developing country such as my country Nigeria where a high percentage are uneducated in the financial sector about their business, for example some small business owner do not even save their money in banks due to trust issues.

Image Source

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.

Business name:	Ai'nu Farm
Owner's name:	@weasell
Business address:	Zaria, Kaduna State, Nigeria.
About us:	Click Link.

Thank you all for reading and I hope to see you in my next article. Stay safe.