Digital Currency impact on society

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Avatar for ZainsCreates
3 years ago

Living in a highly constrained world, which mostly run on how to get money and where to spend it is the new norm. People all around the world are really desperate to earn cash as soon as possible.

when a person tries to think about where he can get the quick top up of there wallet, it desperately go through all necessary options he have, from borrowing money from friends or family to even going to that grocery shop and pick up some cash by showing a fake gun of-course! but then the morality or you can say social construct come in to rescue us and we try to find some good ways through which we can fulfill our need of surviving in this world.

if we opted for the options which are legal, we can apply for a job in the job market, there are many kinds of jobs ranging from a janitor to corporate CEO, but as the word says, a job is a job.we can only earn a defined amount of money called salary.

we can opt for business startups, we can buy and sell items and we can also earn money through them, but as the world is advancing so do the methods of earning money. the world is getting digital globe day by day and thanks to crypto currency. we can say that we have definite contender to the already established money system.

as far as i know about digital currency and all the boom it has now, it is safe to say that it has the capacity to change the world as we know it, it can be used in health care system for betterment of human species, with advancements in prosthetics to the integration of human's and AI need this kind of digital money to grow in the future.

our housing system, our economy, and everything else human need to live on this planet and bloom can be related to the rise of crypto currency as the new norm of the future. But still there are many obstacles to cover, mainly in the third world and second world countries.

In developing countries like Africa and south Asia, countries like India, Pakistan, Sri Lanka, Nepal, Bangladesh and Iran and Afghanistan to name a few. digital currency has less or no share at all. main share is in illegal trade and in the dark web, which makes the crypto currency a money for the illegal business run, it halts the use of crypto money for the greater good of humanity, and it has a niche for very less people who are running illegal trades.

in order for the crypto to become mainstream it has to get its share in betterment of society, by becoming helpful to general masses, nothing can stop crypto currency to rule the world.

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3 years ago

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