There is so much convenience in doing transactions online. One is able to acquire items from different locations with much ease in communications, traceability’s and transfers. If some of you can remember, the way we transacted before has turned a great deal now and can possibly become more adept in the future.
This is the same way with digital currency. It all started out with a project that aims to circulate a monetary unit which is decentralized and allowing an open source program to operate it so that each and every user becomes a proprietary owner. Imagine a world where you will no longer need to physically possess money in your wallet. All you need to do is open an application and you can now freely transact, trade and send money or acquire items.
If digital currency becomes a major source of trade and industry, it would make transactions faster and would open up a new line of career for people. This would allow you to actually have assets you can keep out of the snooping grasp of private and government sectors always monitoring them. This is a form of freedom that everyone can enjoy. You won’t even have the fear of getting robbed while walking on the streets and you can easily transact your needs with a few clicks of the finger.
Although the world of digital currency is still fairly limited and the possibility for pump and dump scenes are fairly high, if this is explained properly and allocated in a way that is fair and just for everyone, the use of money will revolutionize. People will begin to have an option whether or not they will keep their assets in centralized institutions like banks that will have a hold and control to their assets.
This is a better option for people who are unbanked. If you place it in consideration, a majority number of people in our world are still not tied up to any banking institutions and the only option they have would have to have cash with them all the time. Even America holds almost 70 million people who are unbanked. This means that even those without large amounts or assets to open up a bank account can now transact without the use of paper cash