Imagine living your life without depending on Banks ever again. Using only cryptocurrencies such as Bitcoin or Ethereum, you can make your own income stream and use the coins earned to buy stuff from merchants who accept them. Every day, cryptocurrencies have been going closer towards full mainstream adoption. However, there are still some things which prevent crypto from being used over traditional payment systems we've been accustomed to for a long time.
Nonetheless, what's it like to live only on crypto instead central-bank issued fiat money?
Nonetheless, what's it like to live only on crypto instead central-bank issued fiat money?
Mass adoption of cryptocurrency is a matter of time, a question of when not if. The defining factor its the project. With the right project, achieving the right licensing, but more important, with the right ecosystem and digital asset can surely make that a reality. The pros of such a vision implies accessibility for everyone and a lack of regulatory or governing bodies for a lot of parts of the banking process due to blockchains automation. This is something well move towards organically and there will be an acclimation period (maybe over the course of a decade). The cons are the potential job losses that the automation process could produce. But progress is unstoppable and if the pros outweighs the cons for the majority, itll eventually become implemented. Sooner than later actually.