Intro

Cryptocurrency has made concussion around the Globe. With the change of era and time, the demand, use and excellence of this currency is increasing day by day. With the change of time, as we are becoming more modern, that is, as civilization is advancing, new technologies and products are constantly coming and making our life journey easier. I think cryptocurrency is one of them. Because this currency has changed the previous idea. The efforts that so many people have made to unite the world as a world village are probably going to be fulfilled through crypto. I will present some issues related to cryptocurrency and its future.

Source: Image by WorldSpectrum from Pixabay

The current state of crypto:

Awareness and interest in cryptocurrency is increasing day by day all over the world. That's why we see different apps or websites or software in the market running through cryptocurrency or blockchain technology. It has accelerated website related activities in various fields. Many people in Bangladesh are very ignorant about this currency. I don't understand any reason. However, as it is a modern technology, many people do not want to be familiar with this modern technology. And the most interesting thing about cryptocurrency is that they will understand it better who will use and transact it. So, I think as the use of cryptocurrency is increasing in Bangladesh, people are becoming more and more aware.

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Status of government:

I have not seen any action or ban of the government regarding Bangladesh cryptocurrency. I have not seen any law enacted in Bangladesh where legal action has been taken against the use of cryptocurrency or digital currency. So, I think since the awareness on this issue has not been developed at a very good level yet, we have not seen any law on this issue yet. However, there has been a lot of talk about this cryptocurrency in our neighboring country India. A few days ago, the Prime Minister of India Narendra Modi gave a speech about benefiting his country through blockchain.

Governments in many countries do not like the use of this cryptocurrency and its propaganda. One of the main reasons for this is that it is not a currency regulated by any central bank. But many know that even though it is not a currency controlled by the central bank, its algorithms and acceptance have reached people all over the world. I think these factors are behind the rise in the price of these digital currencies. In many cases, the government bans such cryptocurrencies out of awareness of money laundering or money laundering scams. Although in the real sense the data of transactions made through cryptocurrency is always blocked, no one can delete it. So this cryptocurrency can be the main currency of the future for tracking and without the transfer fee at the fastest time.

The future of cryptocurrency:

I have high hopes and interest in cryptocurrency. I personally am quite positive about cryptocurrency. Because I know it is almost impossible to stop this currency. The speed at which people are embracing and adapting to it as a medium of easy transactions is truly enviable.

Source : Image by guaxipo from Pixabay

Cryptocurrency will control the currency system in the future because it is easily exchangeable. As a result, people will use cryptocurrency as their first choice for travel and online shopping. Since the country is not an obstacle, this currency can be used from anywhere to travel from any country in the world. And because of security measures, it is less likely to be lost or stolen.

For the success of cryptocurrency all countries and governments will approve cryptocurrency and many will want to adopt in the future. Some will approve some currencies while others will approve all currencies. There will be no comparison of crypto in the case of inland transactions. Because both the giver and the receiver will be at ease. I think it could be used as a currency determined by the United Nations or the world system or recognized by the IMF.

Every day hundreds of thousands more cryptocurrencies will come for their various programs, software or apps. The more crypto comes, the more its price, the more acceptable it will be to people.
The technology that can be used all over the world with one cryptocurrency wallet will gradually be integrated with all cryptocurrencies. At the present time people actually want to make their work easier. So, people want to get their work done easily without having to worry about transfers, fees etc. And so cryptocurrency is becoming more and more popular and its price is increasing day by day. Many governments may be concerned about the value of these currencies. That means the price can fluctuate too much. But this has not been seen in the world of cryptocurrency. On the contrary, the prices of currencies have been rising steadily.

Source: Image by WorldSpectrum from Pixabay

Cryptocurrency and cryptocurrency based platforms value people's time, effort and work. In other words, if someone can take some pictures or write something with a little effort and write it neatly in the form of a post, then he is supported from here. Unemployment is a big problem in low-income countries, so people who are unemployed in these countries can easily work on this cryptocurrency based blog site if they have a fair education, that is, they can eliminate unemployment in time. Cryptocurrencies and blockchains work to eliminate unemployment around the world, not within domestic boundaries. So no matter where anyone is, he/she can eliminate his unemployment by spending his time, talent and labor. This does not have to be limited to any country and can be done like freelancing. And freelancers here don't have to worry about conversion fees and other costs.

And because of the advantages I mentioned above, I think the governments of all countries will take the initiative to use and promote this currency in the future. It will continue to be known to people day by day, which means people will continue to adopt it. Just as the benefits of cryptocurrency can be reaped by alleviating the poverty of the society, i.e. by eliminating the problem of unemployment, people will continue to benefit at the local level as well.

Source: Image by Gerd Altmann from Pixabay

Final Words

I hope that one day the use of common currencies will come down drastically and cryptocurrency will be one of the best and main means of exchange. And this requires time and community. I think the future of cryptocurrency is very, very bright, which I have predicted by the success stories of the cryptocurrency World.

This Post is Plagiarism Free

Who I am

I am a lecturer of Textile Engineering and ex-banker. I love to share my thoughts and ideas through blogging so that anyone can be benefited from my effort. I write on Textiles, Online Money Making, Agriculture, Technology and random topics. Capturing Nature and Playing Cricket is my hobby. I am always a learner and wants to learn from all of you in this #steem community and chain.

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This is Saiful’s Classroom from @engrsayful

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