Why Will Bitcoin XRP Ripple Zilliqa & Other Cryptocurrencies Change The World? Bitcoin has been around for a decade but why?
In this article I will be explaining how Bitcoin and other cryptocurrencies like Zilliqa and XRP Ripple are going to change the world.
20th Century Internet
Ever since the origins of the internet back in the 1960s,the world has been changing. Who would believe that a US military project under the ARPA ( advanced research projects agency),would lead the way to the modern internet.
Advancements in technology like HTML,Java,streaming,email and many of others have changed the way we run our personal and business lives.
Towards the end of the 20th century, the world saw the.com Boom. The internet-based companies,saw massive speculation and technological innovations.
Although there was the.com bubble crash around the year 2000,the strongest and most innovative companies survived. We saw Amazon,ebay and Google gain dominance, by gaining more market share from weaker competitors that failed.
21st Century Internet
The 21st Century Internet has been moving towards the ‘internet of value’ and the ‘Internet of things’. The CEO of Ripple company Brad Garlinghouse talked about the internet of value in 2018,he talks about the use of Blockchain technology and the banking sector. This leads us to think that……
Bitcoin, XRP Ripple and Zilliqa are examples of crypto currencies, that are changing the world of finance and the internet as we know it. Before I carry on,Read this below!
The Great Reset -Bitcoin XRP Ripple Zilliqa
There are some organizations like the World Economic Forum calling for a ‘Great Reset’, and a change to way the worlds financial,political and business practice has on communities and the worlds environment. It is no secret that cash will become obsolete some time in the future. A great reset will always have winners and losers,only time will tell.
The great reset may involve massive changes to our lives. Cryptocurrency and blockchain technology will revolutionize the 21st century by allowing governments to create a CBDC (Central Bank Digital Currency) to replace cash.
China has been developing a digital Yuan CBDC,you can guarantee that other countries are also racing towards this goal. The countries that don’t utilize this technology will probably be left behind.
We certainly live in interesting times,especially while the 2020 pandemic unravels. Who knows what the future holds. Will crypto be the saving grace of capitalism and innovation? Read on….
So where does this leave Bitcoin , XRP Ripple , Zilliqa and other cryptocurrencies?
Bitcoin has now gone mainstream,with payment providers like Paypal allowing buying and selling of Bitcoin to the general public. To put Paypal into perspective,they have bought 70% of all Bitcoin in 2020 . This has sent the price skyrocketing in value,while drastically lowering the Bitcoin supply.
The financial institutions,hedge funds and private investors are all getting in on the Bitcoin action. Bitcoin has come a long way from its shady past on the dark web. Bitcoin is now becoming as normal as buying Gold or Shares on the stock exchange.
Why Buy Bitcoin?
Bitcoin is seen by many as Digital Gold,a store of value with a limited supply. Bitcoin is also a decentralized and deflationary asset,meaning no one person or entity controls it.
Bitcoin,XRP Ripple and Zilliqa ect can be stored offline on a Ledger Nano S hardware crypto currency wallet. These hardware wallets are USB devices that store your private keys on the device itself,unlike software wallets that can be hacked.
Cryptocurrency custody solutions are offered by Coinbase and read below for a recent developement!
The banks in the USA had the green light to offer Bitcoin and crypto custody solutions by the OCC (The Office of the Comptroller Of The Currency).
Elon Musk and many other top business leaders are buying Bitcoin as part of their treasury balances. Banks,institutions and entrepreneurs are also getting in on the action.
This has been big news for American investors,this also legitimizes the crypto currency space for investors worldwide. Basically Banks will be allowed to store Bitcoin, XRP Ripple and possibly Zilliqa to mention a few.
The price of Bitcoin at the time of writing this article is $17,019
Why Buy XRP Ripple?
The XRP Ripple Token has been developed for the banking/financial industry,to allow instant settlement of cross border payments. XRP Ripple does this in around 3 seconds! Unlike Bitcoin that can take hours depending on network congestion.
Basically Ripple is revolutionising the banking sector worldwide,using the XRP Ledger and its software solutions. Did you know that over 90% of the Ripple companies customers are outside the USA!
Ripples technology will also work with Central Bank digital currencies in the future. Ripple has described itself as the ‘Amazon of payments’. Remember the.com bubble survivors Amazon!
At the time of writing this article, XRP Ripple Token is valued at $0.55 each. Many institutions and private investors, feel that xrp ripple tokens are undervalued.
What will be the price of XRP Ripple tokens, if central banks around the world use it? I don’t know the answer to this question,but XRP Ripple tokens could have massive upsides in price. Ripple the company is also funding and working with many projects like The Flare network.
This means the XRP Ripple token will be involved in the defi ( decentralized finance), space along with other use cases being added to the XRP Ledger. On December 12th 2020 XRP Ripple holders can claim FREE Flare’s spark tokens,at a ratio of 1 XRP for 1 Spark.
Currently the company Ripple is navigating a court case brought by the USA government’s SEC (Securities and exchange commission). Trading XRP is being suspended by many exchanges including Coinbase (19th Jan 2021). Who knows what will happen to XRP in the short and long-term!
Why buy Zilliqa?
Zilliqa (ZIL) is an interesting crypto currency because of the ecosystem that is being built around it. Zilliqa can also be staked, this is where you can make passive income by staking your tokens.
Zilliqa also has the gZil governance token, that allows you to vote on the ecosystem. Zilliqa is fast and virtually nothing in fees when sending it to other wallets. Zilliqa is constantly developing new projects on its platform. An example is Zilswap,an exchange for swapping zil into other cryptos and vice versa.
Zilliqa is also working in the defi space. The constant developments with Zilliqa are astounding,considering its only been around since 2017. The price of Zilliqa is $0.0247 each at the time of writing of this article.
Why Will Bitcoin XRP Ripple Zilliqa & Other Cryptocurrencies Change The World – Conclusion
Blockchain technology has been around for a decade now. Like the internet started developing in the 1960s, blockchain is set to change the world we live in. A cashless society is possibly around the corner,cryptos are most likely going to facilitate this. Bitcoin zilliqa and xrp Ripple, are examples of the utilisation of blockchain technology.
There are literally over 1000 or more cryptocurrencies, many are total rubbish, but some have the potential to change the world we live in.
If you would like to buy cryptocurrencies. I would highly Bittrex and coinbase exchanges,both are operated in the USA.
You can also store your crypto currency offline on a Ledger Nano S hardware crypto currency wallet. This is the safest and most secure way to keep your crypto safe.
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This this article is in no way financial advice. Cryptocurrency investing can be highly volatile and risky. Always remember to do your own research and consult your own regulated financial advisor. Also check your local laws to see if it is legal in your country
Some of the links in this article are affiliate referral links. By using the links in this article to purchase cryptocurrency or hardware wallets, you will be helping to support this website.
Thank you for reading my article on Why Bitcoin XRP Ripple Zilliqa & Other Cryptocurrencies Will Change The World #zilliqa #zil #bitcoin #xrp #ripple