A fintech revolution is upon us
I will be transparent off the hop and let you know I apologize for my grammar.
I firmly believe we are in the beginning of a financial revolution where individuals will be able to enjoy financial freedom separate the the banking system. Many currency condition in the financials sectors, lack of trust, decades of over charging and huge payouts to top executives have made this just the right time for crypto currency to thrive. Couple this with technology advancements , blockchains, side chains, smart contracts, and an antiquated legacy platform used by the currency banking system in NorthAmerica, we are at the cross roads .
The old bloated banking systems with thousands of employees, huge back end costs, stiffer competition and lack of innovation from within can not compete in my opinion. The age of machine to machine payment can only be facilitated using crypto currency given the credit card companies discount rates per transaction would refer this payment form useless due to costs.
We started thousands of years ago trading stones, shells, furs, seeds, and live stock. We then evolved to coins and eventually paper notes. In the 1970s Visa and Master Charge were introduced and thr world of cheap easy money was upon us. We rode this wave until the 1987 crash , learning no lessons we again created easy money and rode his yuppy save until 2000 when the tech bubble burst. Again being the greedy bunch we are , we pumped up the bubble so big that in 2008 it sent a crippling blow around the World to financial markets when the banks failed.
Exposing their years of Wall Street scandals and scams they we all bailed out and keep the money printing machine going strong. Today there is the wisest gap ever in history amount the elite and the poor , Hliballt banks and country's are in default, prices for food and water are on the rise. Using cryptocurrency takes the power of away from the IMF, World Banks, The Fed, and The Monsantos and P&Gs are there world.
When we have no gold backed system and o Ky a fiat system back by trust that really no long exists in most Country's , I would say that is the beginning of the end.
I have recently set up a Bitcoin ATM in Canada and try daily to educate people on the power of crypto and how now is the beginning of the largest financial shift in the last 200 years. I am riding this wave all the way and hope you take a look around at the state of our world and the economy and ask yourself why not be the change you want to see. peace out !
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Gооd!
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Hi! This post has a Flesch-Kincaid grade level of 9.4 and reading ease of 76%. This puts the writing level on par with Michael Crichton and Mitt Romney.