I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.
It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history!
https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/I think the world needs virtual currencies simply because technology is getting more and more advanced each day. With the advancement of technology a lot of changes and innovations happen that we need to adapt to. One of these innovations is the fact that the payment system is still the manual where we need to deposit money or use credit cards when we want to buy something online.