A few years back in time when I talked to people and asked what they knew about cryptocurrency – most looked at me and said: cryptocurrency is not currency – it is just numbers on a screen.
Paper money though, or metal coins, they are real.
Since then many of those, I used to talk to have bought computers and started using Internet banking. I have asked a few of them how they now think of the fact that they are looking at their funds as numbers on a screen. They usually tell me that it is different because their funds are backed up by the bank.
On three occasions, the Swedish government has had to use tax money to cover bad or scandalous bank transactions. It is money that was intended for other purposes. Still, people trust the banks and giggle at cryptocurrency.
Many countries in the world are now working towards a cashless society. My own country is no exception. Internet banking was just a start. Most shops will rather take payment by Debit/Credit cards than cash.
Will it be possible to completely stop using cash?
I do not know.
If I want a hot dog from a hot dog stand, or a paper or something else from a Kiosk – is it reasonable to request that they take credit cards when their card service cost is more than the cost of the item?
Many shops, both big and small, are still suspicious of cryptocurrency. They have read many articles about fraudulent behavior.
The only cryptocurrency most of them have heard of is Bitcoin.
I am involved with a company that wants to make cryptocurrency known and useful all over the world. Not just BitCoin, but many cryptocurrencies, and the company’s own cryptocurrency based on the value of the US dollar.
Banks will not be part of the transactions. There will be no “middleman” involved but every transaction will be placed in a ledger and traceable
My mission will be to create noise in my country! A noise that gets people and businesses interested in connecting with me and starting their own business.
Did I mention that our company has a motto?
Engage – people, society
Enrich – yours and others lives, with money and otherwise
Enhance – whatever needs enhancing. Do good for other people, start activities that will make life easier for other people!