Cryptocurrencies: the biggest threat to the banking system

in LeoFinance3 years ago

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The world has seen how the economy has evolved in recent years, in a surprising way for what everyone was projecting for the future, the truth is that companies and individuals have found a detailed course to improve their finances and all this is due to the birth of cryptocurrencies. For many, cryptocurrencies have come to be a problem at an economic level and for others it has represented the way out of an obsolete financial system, which has consumed many commercial markets over the years.

The real focus that we can notice in cryptocurrencies, are the slow transactions that we had with the old financial system and for which this new market has had great impact on the world, on the other hand the general population was tired of a centralized system, where all finances were controlled by banks, keeping a large percentage of capital year after year; On the other hand, the crypto world revoked all this and began to present a decentralized system, where every businessman or common person who wished to perform a financial operation could do it freely, without retained money, much less with high interest rates.

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The truth is that cryptocurrencies will always have detractors, since many do not want this system to gain more strength, because we would be living an economy anchored to the crypto world, but they have not had the reliability and acceptance that cryptocurrencies have had in general, It is true that the crypto system is variable, but you will never really lose money, you just have to wait for the right time where each person comes out in profit, because cryptocurrencies always recover from a bear market.

While the banking system offers you to keep your money in fixed term or lend you money with exorbitant interest rates, cryptocurrencies give you a helping hand where to invest and look for the best ways to grow your capital, an example that cryptocurrencies are ending the banking system, An example that cryptocurrencies are ending the banking system are the blockchain as hive, where each user who makes life within this platform, can generate money from the creation of content and then see how their work is rewarded with bull markets, profitable to exchange cryptocurrencies, something that will never happen with banks; the money that is in these entities will always be the same, some savings plans or fixed terms, can generate small amounts, but never with the facilities that cryptocurrencies will give you.