Authorim 31 name is travis and lived a long hard life just like the most of you so i created this page to hopefully teach some of you a little something about investing and starting young if i knew then what i know now i would be a millionaire
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We need banks because we need money and we also need a way to manage it. But traditional banks don’t always meet everyone’s needs. Bitcoin first showed us what an alternative could look like. Here’s why cryptocurrency financial management is important for the future.
Psychologists often say that humans are set apart from other animals by our ability to make complex plans for the future. That’s a big reason we use banks; to prepare for whatever lies ahead in our lives. The option to save or borrow let’s us buy houses, start businesses, get an education, plan for emergencies and so on. It’s an important safeguard, a way of ensuring our world remain stable. We need banks because we need money and we also need a way to manage it. But traditional banks don’t always meet everyone’s needs. There are a lot of issues with them, in particular with accessibility. An estimated two billion people live without access to a bank account. Many live in politically unstable or conflict torn areas, many can’t afford bank fees, many can’t get to a branch. Around 20% of people are ‘underbanked’ and go elsewhere for some services. Banks often take days to make a transfer and take a large cut in the process. Bailouts, security breaches and controversial salaries have further contributed to the widespread sense we need a new system. Cryptocurrencies first showed us what an alternative could look like and introduced the world to blockchain technology. The problem is that we haven’t had a secure, all in one platform for managing crypto. Investors need to use a few different services at once. It takes a lot of effort to ensure everything is secure and in the right place. To spend crypto in the same way as fiat is also not as simple as it could be. You need to either use a prepaid debit card or find a merchant who accepts it. |