What fascinates many people is not what Bitcoin is today. Instead, the future possibilities of Bitcoin are seriously validating the idea of crypto-currencies eventually coming into the mainstream, alongside fiat currencies.
Off the bat, the main advantages of this type of digital currency are easy to identify. It is simple to trace Bitcoins , it can be more easily transferred than paper money since it exists in virtual space, and it cannot be stolen easily, unlike paper money. If what is believed to be the future of Bitcoin comes to pass, the governments of the world and their associated financial institutions will have no choice but to create, support and circulate crypto-currency, such as Bitcoin, as legal currency alternatives at some point in the future. Here are some of the reasons why many people believe that Bitcoin is the future of money and why this digital currency has such a bright future. Cut Out the Middleman and Transact Peer-To-Peer
In the future, there will be no need to have a government or central bank to make decisions on currencies. Bitcoin will revolutionize the 21st Century economy and how financial transactions are carried out. Bitcoin is money that is produced by people, to be used by the people and it originates from agreements between the same people. Just as local currencies came to the forefront of finance as the natural next step in the evolution from barter trade, in the future, we can expect to trade in digital money without having to worry about banks, interest rates, the printing or minting process, and any other fees and processes which have become a general part of today’s banking systems. Bitcoin’s Block Chain: The Transaction Ledger of the Future
Everyone the world over, including the biggest players in the financial industry, […]
