CryptoCurrency and Cashless Economy

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Cryptocurrency is not a new wave. It’s been around for over a decade. While the world moves—slowly, to a cashless global space, cryptocurrencies like Bitcoin, Etherum, Ripple, and BTC cash, have grown to market capitalizations of $326.77billion, $60.24billion, 26.12billion, and 5.08billion, respectively. With such massive growth, one should expect that the world—or at least a quarter should be dumping ‘cash’ and its affiliates. The reverse, however, is the case. First, cryptocurrency can be confusing—especially if you are a first-timer. Just check high risk merchant account payment processing .

The Cashless Future

However, irrespective of the confusing world of crypto and blockchain, the future will be cashless. It may not happen right away; however, in due time, transactions will be made globally without the use of cash.

Does this mean that cash is bad? No, cash is not bad—at least not in its entirety; however, cash is power, and people who have control can easily dictate the capitalist economy. With crypto, you are not getting rich just for yourself; your wealth is not independent but a part of a much larger community of people.

A New World Representation

Credit card processing is not entirely cashless. When you make a transaction through your credit card, your payment gateway simply facilitates the transfer of cash from one account to another. Therefore, cryptocurrency represents a new world—and it is beyond the profit. It’s about equality and shared wealth.

Material was prepared together with PurePay Online Payment System, which support merchants — especially high-risk merchant processing and help them find the right banking partners for their businesses. PurePay is also a secure firm, and they process credit card and cryptocurrency transactions.

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