Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Global

Who benefits from a world without money?

by Jagdish Kumar
January 13, 2022
in Global
Reading Time: 3 mins read
2.8k
A A
0
Share on FacebookShare on Twitter

During the global recession in 2008, many people considered alternatives to the monetary system, but the launch of Bitcoin in 2009 only added fuel to the fire on how the concept of a world without money could work.

Currently, the monetary system is totally centralized and controlled by governments, central banks, which dictate terms to citizens. Every nation has its own currency, which is again controlled and printed by the respective states. 

You might also like

Introducing K5, The Crypto Wallet Of The Future

Introducing K5, The Crypto Wallet Of The Future

January 26, 2023
7.3k
How blockchains and cryptocurrency will revolutionize supply chains.

How blockchains and cryptocurrency will revolutionize supply chains

January 23, 2023
7.3k

Zimbabwe and Venezuela, which suffer from hyperinflation, issue notes with very low denominations that are only worth a dollar on the global market. Many small nations don’t even have the resources to print notes, so they adopt other nations’ currencies.  In June 2021, El Salvador, which was using the US dollar as its currency, adopted Bitcoin as a legal tender and started raising funds for building a Bitcoin city near a volcanic island.

After 13 years of Bitcoin, which is the world’s first cryptocurrency and has never been compromised, its security has given room for many to join the race to make a world without money. 


Today, there are over 15,000 crypto projects that are working on various use cases like remittances, energy, agriculture, big data, privacy, health, logistics, food, travel, and others. The crypto projects market capitalization is around $2.23 billion, which is more than 100s of countries GDP today.  

Looking at these developments and adoption among the masses, many central banks want to launch their own cryptocurrency. Banks are working on their own coins that are pegged against the fiat currency so that citizens can use them daily. 

Globally, nations have already adopted digital payments, card payments that are called digital money, but they are not digital, as you can get cash in your hand if you have funds in your bank account. 

Society is going through a digital currency revolution, where no one wants to miss the cryptocurrency bus. The currency digital payment system is controlled by a central authority and this can be down or interrupted by hacking or technical failure, but cryptocurrency payment cannot be down. Take the case of Bitcoin, in the last 13 years, it was never down or hacked because it is based on a decentralized platform. 


Using cryptocurrency is very simple, a user can pay in crypto to another user without any central authority looking at your transactions. It is a very secure way to transfer funds and upholds the users’ privacy. 

Imagine, you are traveling far from your homeland and you see the bank server down, you see your wallet is misplaced, cryptocurrency can come to your rescue, as the payment can be made 24X7 from any part of the world. Only you need a mobile phone, laptop, desktop, tablet with an internet connection to access your crypto wallet.

In addition to this, you can use your cryptocurrency to borrow, earn interest and do many other things that even banks are not able to do. 

From this perspective, the day is not far off when the world is moving toward a place where you will not need hard cash for meeting your daily needs. The result will be financial freedom, no matter where you are. 

Though, it may take some time as there are various challenges to overcome. Governments across the world are eyeing to control cryptocurrency, but the crypto community is doing everything to be independent. 

Many crypto projects are working with governments to implement their project for the betterment of society at large. 

Jagdish Kumar

Klever Writer

Follow me on twitter.com/TokenBharat

Tags: fiatmoney
Previous Post

Video: Securing your crypto the Klever way should always be top of mind

Next Post

Backup Keys: How to better store your Klever Exchange keys

Jagdish Kumar

Jagdish Kumar

Reporting & writing on crypto & blockchain for the past few years. A content eagle, journalist & writer with a passion to explore new technologies that can change human lives. Joined Klever to make Crypto simple. Follow me on Twitter @TokenBharat or email me at jagdish@klever.io

Related Stories

Introducing K5, The Crypto Wallet Of The Future

Introducing K5, The Crypto Wallet Of The Future

by Klever
January 26, 2023
0
7.3k

KleverOS, the revolutionary Klever crypto wallet operating system that powers K5, ushers in a new era of crypto wallets. Today,...

How blockchains and cryptocurrency will revolutionize supply chains.

How blockchains and cryptocurrency will revolutionize supply chains

by Warren Manuel
January 23, 2023
0
7.3k

Supply chain management and logistics is a critical aspect of any business, as it involves the coordination and movement of...

Financial inclusion in the unbanked through cryptocurrency and blockchain

Financial inclusion in the unbanked through cryptocurrency and blockchain

by Warren Manuel
January 21, 2023
0
7.3k

The Role of Cryptocurrency and Blockchain in Enabling Financial Inclusion for the Unbanked and Underbanked Cryptocurrency and blockchain technology have...

Crypto mining alternatives

Alternatives to cryptocurrency mining that would be more sustainable

by Warren Manuel
January 19, 2023
0
7.3k

The Environmental Impact of Cryptocurrency Mining and the Potential for More Sustainable Alternatives Cryptocurrency mining, the process of using computer...

Next Post

Backup Keys: How to better store your Klever Exchange keys

Klever Weekly Newsletter - January 14

Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8332 shares
    Share 3333 Tweet 2083
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7018 shares
    Share 2807 Tweet 1755
  • Bitcoin battles back from record losses to $21,000

    5913 shares
    Share 2365 Tweet 1478
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5357 shares
    Share 2143 Tweet 1339
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5070 shares
    Share 2028 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Introducing K5, The Crypto Wallet Of The Future

Introducing K5, The Crypto Wallet Of The Future

January 26, 2023
How blockchains and cryptocurrency will revolutionize supply chains.

How blockchains and cryptocurrency will revolutionize supply chains

January 23, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version