Experts in the new exciting, emerging industry and digital currency known as crypto currencies talk about the emergence and future of this disruptive technology. with many believing this could be the future of money.
The decentralised world of cryptocurrency is built on the blockchain technology which is what allows it all to happen and exist. This has the potential to be a disruptive new technology that could impact the current global financial system in a massive way.
Since it’s humble and dark web beginnings in 2009, the cryptocurrency world has exploded with over 1400 digital currencies in existence and growing. With new ICOs (Initial Coin Offerings) being launched as many try to grab a piece of the new emerging industry slice of pie.
This is being hailed as the global economic game changer that is paving the way for a new economic financial system. The question is, could this be the future of money?
Are we about to enter into a new monetary system that has the potential to loosen the grip and collapse the elitist control of all the major financiers and banks? Could cryptocurrencies create a level playing field and hand back power to the people?
Many advocates in this new industry vehemently believe that it is, and are touting crypto as a decentralised system of banking and money.
These are still early days and crypto such as Bitcoin, still has much to prove if it stands any chance of being taken seriously.