HomeCategory: ECONOMYDo you trust Bitcoins and cryptocurrencies?
Edewor NanaEdewor Nana asked 3 years ago
3 Answers
EdN answered 3 years ago
The world is not static, ideas are evolving every day. The emergence of Cryptocurrencies is a revolution in the media of exchanges industries. Whenever there is a new concept, people's trust indexes drop to a very low numeral. Humanly, we are skeptic of new evolution until proven otherwise. Clearly, Cryptocurrencies and Bitcoins are still strange to men and women.   Besides, the big banks are troubled seriously. The chairperson of the bank of America, Linda Hudson and her group are out swinging sporadically to take Cryptocurrencies and Bitcoin out but, the wind of change is approaching category 5 hurricane. The currencies of the future are cryptocurrencies, mark my prediction! It has come to stay and kick start a change in the financial industries. Your thoughts? Welcome to www.provocativedebate.com.
EdN answered 3 years ago
The world is not static, ideas are evolving every day. The emergence of Cryptocurrencies is a revolution in the media of exchanges industries. Whenever there is a new concept, people's trust indexes drop to a very low numeral. Humanly, we are skeptic of new evolution until proven otherwise. Clearly, Cryptocurrencies and Bitcoins are still strange to men and women.   Besides, the big banks are troubled seriously. The chairperson of the bank of America, Linda Hudson and her group are out swinging sporadically to take Cryptocurrencies and Bitcoin out but, the wind of change is approaching category 5 hurricane. The currencies of the future are cryptocurrencies, mark my prediction! It has come to stay and kick start a change in the financial industries. Your thoughts? Welcome to www.provocativedebate.com.
Okpako o. Nana answered 3 years ago
The only thing that is constant is change. The world is evolving with new ideas and innovations. Some of which are of huge gains to the world while others are aimed at promoting the agenda of oligarchy. Some of us who are not conversant with digital currency are still pondering over the legitimacy and continuity of this new decentralized currency system. However, with time and prove of reliability, the world will all embrace cryptocurrency and bitcoin.    Apparently, commercial banks, central banks and even government all over the world see cryptocurrency as a threat to the growth and existence of financial policies. For instance, Nigeria government has placed a ban on transactions with bitcoin in their territory. They claimed to have arrived at this decision due to the low patronage and isolation of conventional banking activities. Seriously, as it stands,  cryptocurrency and bitcoin is here to stay. So the world must learn to accept it and reform banking policies to align with these new digital currency markets.