The Future of Money: Banks, Crypto, and Digital Transactions

Well, nowadays the big banks are very arbitrary and we have often seen that whenever you have to withdraw more money from your account, you cannot do it at once from the bank, you have to wait for a long time for that. See, everything has its disadvantages as well as advantages, if the inflow in a bank is less and the outflow is more, then the system there can also get spoiled and this is seen in many banks. See, I will not say that the cryptocurrency exchange is completely safe because you must have heard the case of FTX, it happened only a few years ago in which people lost billions of rupees, maybe people will get all their money back but it is going to take a lot of time. See, any sector has its advantages as well as disadvantages. See, many governments are also banning cryptocurrency and many governments are imposing cheap regulations because we do not see only its positive side its negatives are also many, which I will discuss through this post, so stay till the end to get more information, thank you.

Well, after sometime, whatever needs to be done now will be completely removed and all the money will become digital and when any money will become digital, then decentralizing it completely will also be a very big task. See, many governments have declared crypto as a legal tender and the only way behind doing this is that people depend on cryptocurrency in addition to their currency. In many countries, we have seen that cryptocurrency has been declared a legal tender, due to which people are also trading in crypto there and are also buying goods etc. through crypto. But see, if crypto is implemented completely everywhere, then perhaps it will be a little impossible to do so because there are only a few coins whose value is packed with dollars, otherwise, there are many coins that are very volatile in which people lose a lot of money, if you talk about top coins, the same happens in BTC and ETH.

Look, imagining a world without banks and e-banks is not a big deal because this has started happening a lot when the bank are converting to e-bank that is supporting all the people and this will gradually be seen everywhere because cryptocurrency is spreading very fast on its platform, look, a lot of scams are also going on in the name of the cryptocurrency, we should also be protected from all those things and a safe platform and a safe e-bank should be used through which you can do transactions. Hive and HBD are good, using which you can do transactions and a good thing will come here that the fees here are very low, if we talk about Bitcoin and Ethereum blockchain, the gas fees are very high, due to which people are also very upset and this can provide more users to this platform whenever it becomes even more popular, all the games can also be made.

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Everyone who wants his money should remain with him when he needs it. We all saw during the time of COVID-19 how people faced problems and when demonetization happened in India, people were not able to withdraw their money from the bank on time. Many people had weddings and whatever old notes someone withdrew in cash, they did not belong to anyone. See, the government and banks keep your money under control and you do not want people should have all the money, maybe that is why banks were created. Earlier people used to keep all their money with themselves but the government paid attention to things and they saw how much money people had, so they opened bank accounts of people and then through that they started keeping people's money in banks so that they have more money and can also invest it in other places by using it and in return they do not give anything to the people while they eat it. But if I talk about crypto, it is not like that here, there are many big exchanges where you can keep your assets there or you can save your assets in a hardware wallet. If you do not trust any exchange, and if you are investing in crypto from a long-term perspective, then you can keep your assets safe in a hardware wallet. If you are investing here from a short-term perspective, then you should keep it on the exchange only, but if you are investing a very large amount, then you must think a little before keeping it on the exchange. Look, it is a bit difficult to be completely dependent on anything and it is not a good thing either.

When any change comes, a lot of things change but if we keep bringing changes gradually, then things become easy. I feel that the government will not do all this, we all should gradually do this thing like it is happening in many countries where cryptocurrency has been declared a legal tender there and people also use it for trading among themselves, so it can make a lot of difference if the local people start using it or they start accepting cryptocurrency and start giving you goods etc., then gradually people will get used to so much happiness and they will not need banks and money so much. See, if things change suddenly then it makes a huge difference, but if things are changed gradually then it is not that awkward, suppose your bank is bankrupt and you wake up tomorrow morning, if there is a theft there, what can you do, you will get worried anyway, but if the same is done with any bank then you might also get worried, see, you should ensure once that there is no fraud in the online world, so wherever you are investing your money, first ensure whether that platform is safe or not. The crypto world is huge always remember one thing Not your Keys not your crypto

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see you in the next post. Keep learning and keep exploring...

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Translated via Google Translator, The content is original.

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