Why Do People Like Digital Currencies?
Why are people looking for Digital Currencies? Because they perform better than ordinary money. All fiat currencies are falling. They are printed constantly and inflation is going higher and higher and the value is less and less. This includes the US Dollar and the Euro, and every other fiat currency. On the other hand, Digital Currencies are rising in number and value and market cap higher and higher every year.
One Third of The World’s Population Is Unbanked
One third of the world’s population cannot join the banking system because a large part of the world is not technologically developed enough. In Europe and North America we are used to have a certain development of technological infrastructure. Most of the other parts of the world don’t have it. For example in Europe, looking at mobile networks, 4G is not very well distributed. (The term 4G stands for 'fourth generation' and refers to mobile network technology that enables 4G compatible phones to connect to the internet faster than ever before. In the UK, 4G launched in 2012. Right now, the number of smartphone users who use 4G is dwarfed by its forerunner 3G.) Do you know what part of the world has the best 4G network? North Africa. They never had a mobile network or the old infrastructure. Replacing the old infrastructure with the new is very expensive and slow. So what they did was take the top technology and just install it. That’s why they have the best 4G network in the world.
The Unbanked Are Most Accepting Of Digital Currencies
Same thing is with other developing regions of the world. They don’t have the banks. They don’t have a very good personal ID system. What they do have is a very good mobile network and their phones. They don’t use credit cards. Africa has the highest e-payment systems in the world, because they didn’t have banks before that. (An electronic payment, or e-payment, can be simply defined as paying for goods or services on the internet. Epayments come with various methods, like credit or debit card payments or bank transfers.) And these e-payment systems are owned by small private companies, not the banks. With banks they could communicate and transact within a small geographical area. But with Digital Currencies they can transact with the entire world. This is why they are the most accepting of Digital Currencies. This market is 7.5 times larger than the entire USA, and the largest economy in the world.
Why Many People Don’t Like Banks.
Why many people don’t like banks: make mistakes with your money, are expensive, slow to transfer money especially globally, transactions don’t work on weekends, and when the crisis hits, you cannot withdraw your money, like in Greece, and everywhere else in the world. Digital Currencies actually allow us to have access to our money all the time, and we can send it anywhere anytime we want. And if we look at the remittance money transfer market, it is constantly growing. It is not growing much in Europe or North America, but in the rest of the world it is huge and growing very fast. Banking services will not open or be available in remote and developing areas, but Digital Currencies will.
Why are people looking for Digital Currencies? Because they perform better than ordinary money. All fiat currencies are falling. They are printed constantly and inflation is going higher and higher and the value is less and less. This includes the US Dollar and the Euro, and every other fiat currency. On the other hand, Digital Currencies are rising in number and value and market cap higher and higher every year.
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| Recovery Chart of major Cryptocurrency |
One Third of The World’s Population Is Unbanked
One third of the world’s population cannot join the banking system because a large part of the world is not technologically developed enough. In Europe and North America we are used to have a certain development of technological infrastructure. Most of the other parts of the world don’t have it. For example in Europe, looking at mobile networks, 4G is not very well distributed. (The term 4G stands for 'fourth generation' and refers to mobile network technology that enables 4G compatible phones to connect to the internet faster than ever before. In the UK, 4G launched in 2012. Right now, the number of smartphone users who use 4G is dwarfed by its forerunner 3G.) Do you know what part of the world has the best 4G network? North Africa. They never had a mobile network or the old infrastructure. Replacing the old infrastructure with the new is very expensive and slow. So what they did was take the top technology and just install it. That’s why they have the best 4G network in the world.
The Unbanked Are Most Accepting Of Digital Currencies
Same thing is with other developing regions of the world. They don’t have the banks. They don’t have a very good personal ID system. What they do have is a very good mobile network and their phones. They don’t use credit cards. Africa has the highest e-payment systems in the world, because they didn’t have banks before that. (An electronic payment, or e-payment, can be simply defined as paying for goods or services on the internet. Epayments come with various methods, like credit or debit card payments or bank transfers.) And these e-payment systems are owned by small private companies, not the banks. With banks they could communicate and transact within a small geographical area. But with Digital Currencies they can transact with the entire world. This is why they are the most accepting of Digital Currencies. This market is 7.5 times larger than the entire USA, and the largest economy in the world.
Why Many People Don’t Like Banks.
Why many people don’t like banks: make mistakes with your money, are expensive, slow to transfer money especially globally, transactions don’t work on weekends, and when the crisis hits, you cannot withdraw your money, like in Greece, and everywhere else in the world. Digital Currencies actually allow us to have access to our money all the time, and we can send it anywhere anytime we want. And if we look at the remittance money transfer market, it is constantly growing. It is not growing much in Europe or North America, but in the rest of the world it is huge and growing very fast. Banking services will not open or be available in remote and developing areas, but Digital Currencies will.
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