• Latest
  • Trending

Why is the freedom to choose your money important?

December 21, 2021
Visa powered no-limit Bitcoin credit card launched in UAE

Visa powered no-limit Bitcoin credit card launched in UAE

July 6, 2022
India Crypto Influencers

Indian crypto influencers not following government advertisement regulations

July 6, 2022
Meta announces closure of crypto wallet, Novi from 1 September 2022

Meta announces closure of crypto wallet, Novi from 1 September 2022

July 5, 2022
Switzerland will hold its first World Crypto Conference 2023

Switzerland will hold its first World Crypto Conference 2023

July 5, 2022
Klever Ninjas builds products for financial inclusion to empower millions

Klever Ninjas builds products for financial inclusion to empower millions

July 5, 2022
The Impossible Finance x Aura Network x Klever Exclusive Whitelist Allocation Campaign

Win AURA whitelist allocation via Impossible Finance’s Launchpad, participate now

July 5, 2022
Why build our own Blockchain?

Why build our own Blockchain?

July 4, 2022
Blockchain Scalability

Scalability & Performance on KleverChain

July 4, 2022
Apply to write Klever News content

Apply to write Klever News content

July 4, 2022
Rollout Phases of Klever Blockchain Features

Rollout Phases of Klever Blockchain Features

June 30, 2022
South African Brothers allegedly stole $3.6B worth Of Bitcoin from “Africrypt” investors

South African Brothers allegedly stole $3.6B worth Of Bitcoin from “Africrypt” investors

June 29, 2022
buy KNC

How can KNC be used in Klever Wallet

June 29, 2022
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
No Result
View All Result

Why is the freedom to choose your money important?

James Enajite by James Enajite
December 21, 2021
in Global
Reading Time: 4 mins read
418 4
A A
0
Share on FacebookShare on Twitter

A person has a variety of choices and these choices are crucial to shaping their personality. In general, freedom is the ability to act or change without restraint. Something is basically free if it is changeable and not constrained by the current state it is in. 

Some basic acts of freedom include but are not limited to freedom of information, freedom to move, freedom of association, freedom of speech. As important as these basic rights are, it is observed that freedom to manage your finances is regulated in a constrained manner and which in the long run could be taken away from an individual based on the laws of the land for which the individual is resident.

You might also like

Visa powered no-limit Bitcoin credit card launched in UAE

Visa powered no-limit Bitcoin credit card launched in UAE

July 6, 2022
3.4k
India Crypto Influencers

Indian crypto influencers not following government advertisement regulations

July 6, 2022
3.3k

What is money and why do we need freedom?

According to Wikipedia, Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. In other words, money stands as a legal tender for which a nation holds firm for trade and economic activity.

However, before the creation of money, people carried out their means of exchange through the barter system where goods and services were exchanged via barter methodology. This method was totally viable as people lived through centuries using these methods of exchange and gradually moved to precious metals like gold and silver until a government system to track the freedom of the people’s finances through the method of fiat was introduced.

This gave birth to the financial system where the centralized banking system was created to completely monitor the activities of individuals and corporations on how their money moves thereby taking away their freedom to manage their finances. A coalition of governments created a centralized banking system to totally have control over the people and restrict them where necessary by means of financial laws to constrain the individuals’ activities from financial liberty.

Most of the nations and their financial system are structured around servitude and restriction from financial independence. In spite of their attempts to engage the citizenry in financial freedom through the use of various financial tools like loans, treasury bills, bonds, and other tools. This has resulted in an extremely low percentage of unbanked people within the financial system worldwide. Through the use of financial jargon backed by legal terminologies that are not properly explained for the general public, this is a ploy to impoverish the masses.


Blockchain technology and cryptocurrency, however, have changed the way people manage their finances. With Bitcoin being the first cryptocurrency to be associated with financial transactions back in 2009, it has gained mass appeal and community utility acceptance to the degree that almost every nation now talks about the emergence and utility of Bitcoin and other cryptocurrencies as a means of payment. 

The spread of the use of cryptocurrencies to emancipate the young and old financially found more of its essence when the value of most of the national currency started plummeting as a result of bad Governmental policies and financial recklessness on the part of leaders and financial experts. The use of Bitcoin and other cryptocurrencies also gave the masses from the whole world an opportunity of becoming their own financial advisors and banks. 

As blockchain technology alters the manner in which businesses transact over the internet, financial regulators and government institutions, who have seen that they are losing their hold and grip over the masses, have reacted by introducing policies that will constrain users of cryptocurrencies.

The use of the Klever wallet which is a P2P decentralized wallet system for storing, buying, and sending funds globally, actually puts the funds in the hands of the users and serves as a typical example for enabling financial freedom for the global community. 

By itself, Klever as a blockchain technology company will educate users and potential investors about the benefits of blockchain technology and cryptocurrency development as it pertains to financial freedom and the development of internet money as a means of payment in a smart and Klever way.

It is a Klever thing to do.

James Enajite

Klever Writer

Follow me on Twitter

Download Klever App

Tags: financial freedomklever
Previous Post

The Apple of Crypto is Klever

Next Post

The crypto trading face-off, Shiba Inu vs Doge

James Enajite

James Enajite

A passionate lover of crypto and mankind with an active mind to create content to educate everyone within my sphere of influence. An entrepreneur with an open heart to accommodate young aspiring individuals to achieve their best in a global space.

Related Stories

Visa powered no-limit Bitcoin credit card launched in UAE

Visa powered no-limit Bitcoin credit card launched in UAE

by Jagdish Kumar
July 6, 2022
0
3.4k

Even though the cryptocurrency market has been showing a downward trend for a few months now, it does not stop...

India Crypto Influencers

Indian crypto influencers not following government advertisement regulations

by Jagdish Kumar
July 6, 2022
0
3.3k

While the government has asked crypto influencers to follow advertisement guidelines on their social media handles, these influencers are not...

Meta announces closure of crypto wallet, Novi from 1 September 2022

Meta announces closure of crypto wallet, Novi from 1 September 2022

by Jagdish Kumar
July 5, 2022
0
3.5k

Meta, formerly known as Facebook, which strived to build an ecosystem of cryptocurrencies, has decided to shut down its cryptocurrency...

Switzerland will hold its first World Crypto Conference 2023

Switzerland will hold its first World Crypto Conference 2023

by Jagdish Kumar
July 5, 2022
0
3.4k

Conferences in Switzerland do attract a lot of attention. From 13 to 15 January 2023, a global conference on cryptocurrency...

Next Post

The crypto trading face-off, Shiba Inu vs Doge

Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
3.3k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
3.4k

Popular Story

  • bitcoin news

    Bitcoin battles back from record losses to $21,000

    1845 shares
    Share 738 Tweet 461
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    2334 shares
    Share 934 Tweet 584
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    1490 shares
    Share 596 Tweet 373
  • Love Monster joins forces with Klever

    2382 shares
    Share 953 Tweet 596
  • Rollout Phases of Klever Blockchain Features

    1124 shares
    Share 450 Tweet 281

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
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Visa powered no-limit Bitcoin credit card launched in UAE

Visa powered no-limit Bitcoin credit card launched in UAE

July 6, 2022
India Crypto Influencers

Indian crypto influencers not following government advertisement regulations

July 6, 2022
  • Marketcap
  • Sponsored Content
  • Advertise
  • Contact Us

© 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

Clear Clear All
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