Cryptocurrency has the potential to be the fastest, easiest, cheapest, safest, and most universal way to exchange value that the world has ever seen.
And if that’s not exciting enough, crypto also provides equality of opportunity, regardless of where you were born or where you live. As long as you have a smartphone or another internet-connected device, you have the same access to cryptocurrency as everyone else.
How can crypto make the world better?
Cryptocurrencies have the potential to make the world better by letting any two people in the world exchange money directly, without involving a financial institution or government. This will mean more equality of opportunity for those without access to traditional financial services, like bank accounts and credit cards.
In addition, the blockchain technology that makes cryptocurrencies possible is being used in novel new ways to improve the world. Examples include blockchains that help verify identity, manage healthcare records, validate ownership, and even accelerate research on diseases like cancer, Alzheimer’s, and tuberculosis.
Why do experts like cryptocurrencies?
Experts often talk about the many ways crypto can address the shortcomings of our current financial system. Things like high fees, identity theft, and extreme economic inequality are an unfortunate part of our current financial system and they’re also things crypto has the potential to address.