Libra launching gave birth to a lot of speculations. Many thought of it to be “catastrophic”. Although, it was also considered to be a catalytic event. Nevertheless, the questions were there. Understandably the concerns were mostly rooting to the experience of bitcoins. Despite all the assumptions, Libra has hit the market big! Even with regulatory pushbacks, this form of the cryptocurrency is still making its way. Recently, some have also termed Libra as heroic.
Therefore, it is clear that people want to use this form of money. It is the most likely behavior as well. With the world progressing with easier payment methods, faster, efficient and mobile forms of money are to be accepted well.
Cryoptocurrencies can be a game-changer. Especially, for the digital payments industry. Concerns over its safety still exist. Although, it may be understood that such new technology will take time to be accepted widely. Also, the time is required to learn from its own failures. Despite so many incidences, bitcoin has still seen a significant price surge recently.
Unlike every other forms of money, Libra is an un-administrated form of exchange. Meaning, no specific central bank or institution gets to control it. The decentralized nature of the currency is what gives birth to all the speculations. Therefore, Libra is mostly workable for the general people! Since it takes a power away from the hands of many, not all might like it.
Although, how feasible is it without the world power approving it. That is the beauty of Libra. You do not need to wait for the central bodies. If your business allows Libra transaction, you will automatically gain upper hand in this game. People are willing to be entitled to this form of money. They just do not have proper merchants who will let them use it.
The problem with paper money we use is, it is moving far away from its basis of storage value. Also, with the world moving towards a cashless society, introduction of an alternative to money is important. Why is an alternate even required? Because, the way money has already been handled, it creates a way of providing power to the one having more possession.
You have all this time thought of financial freedom at an individual level but this form of money ensures it for the mass. Thus, this is why we consider it as a game changer. Why can’t credit cards be an alternative to cash? At the end of the day, credit cards too are part of a system that we want to be freed from. Therefore, it is not only is a tool but also a mechanism to provide you independence from a system that drives your every move. Also, they do it only for their own benefit and you have little to gain.
Online selling and buying is the most popular form of trade these days. The demand for it is increasing. Especially, with online payment systems like PurePay, online buying gets even easier. Imagine incorporating such online payment system merged with Libra. PurePay even helps you to have high risk merchant accounts for people involved in cryptocurrency processing.
Above all, the financial market gets to be free from invaders seeking to make undeserved benefit from the market. The money market goes back to its basics. The market leads the way. So, cryptocurrency makes life easier and you get what you deserve.