[Eng] Are cryptocurrencies a risk for traditional banking?|| By @rosmerby
Cryptocurrencies have become one of the most important topics of the moment around the world, in general terms, people are immersed in cryptocurrency, but what do traditional banks think about this topic? Are they afraid of being left behind by the crypto festival?
Talking about cryptocurrencies seems to be a quite natural topic among people nowadays, and I really don't know what position the traditional banks that seemed so secure and entrenched in the world of finance will take now. It may be that with the advances they are implementing various ways to maintain a presence in the digital world, but the internal technology, still a bit orthodox, has not been able to keep up with the historical moment of cryptocurrencies.
Large investors have been pushing the launch of products akin to virtual currency acquisition to keep it in the limelight. In other instances is the #Hive blockchain, where I have been noticing very closely that many members have been busy getting the word out in depth information about the platform, either through conferences, meetings, among many other ways to reach more people each time, with the goal of growing the affluence in the blockchain and the world of cryptocurrencies, our main interest for all of us who make life in it.
Something very difficult to overestimate is Wall Street's method of entering the market and its impact on the latest news, as well as its analysis and opinion on Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies, we must not forget that the most influential financial companies from all over the world are gathered there and that regulations do not end up being established, therefore, the security of financial entities is shaken while crypto continues to grow in value and quantity. Is this possible? How will this scenario conclude?
We know that nowadays different means are being implemented that are responsible for generating various methods to improve the financial situation, this includes more and more technology and more digital coin that make our lives less complicated. Right now we have the example of generating revenue streams that are obtained by monetizing influential content, even, considering using marketing services to help automate the process. And the flow of people continues to increase, so what role will traditional banks end up playing? It's an interesting question, the answer depends on each perspective.
We should already be aware that the digital monetary system continues to expand across the planet, difficult to stop when we see that all predictions continue to indicate that the main financial capitals are heading towards cryptocurrencies. In addition, the growing benefits of the Web 3.0 promises an attractive path, I think few take the seriousness of this matter, but we are facing a path that breaks with all the schemes, where we have the opportunity to transform finance, doing the things we are passionate about, making known our daily activities, being content creators.
It is still necessary to identify if the best answer is the adaptation of traditional banks to cryptocurrencies, after all, we have the contributions of great professionals in different areas that come with great desire to contribute to the growth of this great crypto ecosystem, without leaving aside the benefits that traditional banks can still provide to the current world, after all, just as Bitcoin (BTC), Ethereum (ETH) or Hive Dollars (HBD), have a value and function as a digital medium of exchange to perform any financial activity; similarly, currencies such as the Dollar, Euro or Bolivar, remain asset media in our daily lives, whatever value they have, and here we can include non fungible tokens (NFT).
Not far from this idea, it is also necessary to analyze that the evolution of cryptocurrencies is causing an impact at a global level, therefore, they may present some risk for banks, that is not known, therefore they represent a stimulus to make a restructuring in their economic system, and thus avoid being left behind during the constant change and the importance that the economy presents with the arrival of cryptocurrencies.
On the other hand, those of us who are immersed in the digital era, we have to bring the proper dedication to the creation of content on the blockchain and give it the value that should be given to Web 3, turning our passions into a trend and with the main vision of contributing to the advancement of the niche to which we belong, generating distinctive and attractive ideas from our products.
From my point of view, humanity has been transforming and technology is advancing every second. There is no choice but to adapt to the changes and look for ways to be part of the transformation of the world as we see it, as our role as content creators is to be making our way, in a useful way, before the road ahead and keep investors interested in entering the crypto world. As well as large and small traders.
In other words, we cannot stay stuck, we have to find a way to innovate and turn the effects derived from the use of cryptocurrency and the relationships it has with traditional banking entities into positive ones, but will it be possible for both trends to converge with each other? Will we have to leave traditional banking behind? Will we adapt to the transformations? Will we be part of the change processes? Open questions...
This content was not created by the AI.
★★★ Credits ★★★
|| Authored by: @rosmerby
|| Original Language: Spanish
|| Web translator: www.DeepL.com/Translator (free version)
|| Photographs: property of the author, except those indicating source.
|| Cover by: @rosmerby
|| Image editions: made in Powerpoint.
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