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Borderless Currencies

We live in a day of globalization. Technology has delivered ways to communicate with one another through miles of under water internet cables. Transportation is slowly becoming cheaper and more innovative; from captain-less cargo ships transporting goods across the globe, to the possibility of hyperloops from Dubai to Abu Dhabi or LA to San Francisco in less than 30 minutes.  30 minutes to travel 380 miles which is 6 hours in a car. In this fourth industrial revolution, why are we still allowing banks to take days to complete a transaction?

Cryptocurrencies are the next step to globalization for consumers and businesses alike. These digital currencies will break down currency barriers, and allow everyone to exchange goods and services with little to no fees. There will be no need to exchange currencies through a third party, as you have millions of super computers hashing away for you. Hackers? pfff, not really something to worry about as they would have to take over 51% of those super computers.

Although Bitcoin came to the public eye in 2009, it still has a lot of room to grow. As our knowledge on cryptocurrencies grows, more and more advanced cryptos will enter the space. Despite Bitcoin parabolic rise, we still have a long way to go.

follow me on twitter  @postmattern and @bitfuturist


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