The cryptocurrency market has been booming over the last decade, but what does it mean for people in the ‘real world’? Is it a solution in search of a problem, or can it truly change lives?
According to erstwhile Goldman Sachs Exec, Raoul Pal, drug user growth in the cryptocurrency market today is importantly higher than the internet sector experienced back in the 1990s and early 2000s, suggesting the cryptocurrency commercialize is expected to explode over the future decade. In an interview published earlier this year, Raoul Pal said :
“If I look at the total derivatives market, it’s $1 quadrillion. I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100X from here, which would be the largest growth of any asset class in all of history in the shortest period of time,” adding, “That will pretty much dovetail in with the idea that 3.5 billion people are using it – that’s just extrapolating the growth numbers of the network. So if [there are] 3.5 billion users in 2030, well the market cap’s going to be something like $250 trillion.”
It ’ second exciting to hear that cryptocurrency is fuelling an wholly newfangled fiscal sector, but it begs the wonder, who is sincerely benefitting from this growth ? How will this sector improve people ’ randomness lives ? Is it merely, as some suggest, a solution in search of a problem ? Visa is already seeing a rapid switch towards people wanting to use cryptocurrency for purchases, quite than just as a vehicle for investing. They announced in January 2022 that its crypto services had facilitated more than $ 2.5 billion in crypto transactions during its fiscal first quarter of 2022. Just concluding year, that figure would have equated to more than 70 % of their total annual cryptocurrency volume. Blockchain engineering has so much more to offer than merely an investment vehicle, or so far another mean of requital in an already herd outer space. Cryptocurrency is providing people with a modern way of accepting payments that are free of barriers and alleviates the need for intermediaries such as Visa and Mastercard, and commercial banks. It has the electric potential to overcome difficulties experienced by more than 1.7 billion people nowadays who can not access traditional finance services ( World Bank Global Findex Database ). We can use this technology to connect millions of people to the global digital economy and provide them with many ways to earn an income on-line – bring meaning respect not only to them and their families, but besides to their local communities where domestic opportunities to earn an income is limited, or restrictive.
AnyTask.com is connecting Buyers and Sellers like never before, and as of today, allows freelancers to scale up their earning potential through the use of cryptocurrency
In 2019, AnyTask.com set out to become one of the earth ’ s first freelance marketplaces to offer a solution for un- and underbanked populations. It does so by providing a platform in which people can sell digital services on-line without the need for a bank report. Whilst Buyers pay with debit or credit card, freelancers receive requital in the mannequin of cryptocurrency, removing the want for a bank report, Upon completion and approval of the work, the requital arrives quickly to the freelance ’ mho ETN Online Wallet and can be spent across a diverseness of everyday essentials, including mobile airtime and data, utility bills, and retail vouchers – therefore, removing the necessitate to ‘ cash out ’, which often requires access to an on-line exchange and therefore a bank account. Starting today, AnyTask.com is introducing a new feature that allows Buyers to not only purchase with debit or credit circuit board, but besides using cryptocurrency – starting with Electroneum ( ETN ). This is full of life for those freelancers who are unable to ‘ cash out ’ of ETN but want to spend their earnings elsewhere on the platform. furthermore, it presents a greater opportunity to outsource work to others, giving freelancers the opportunity to focus on increasing sales.
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“Direct ETN purchases within AnyTask.com will make my life easier, both as a seller and as a buyer! No need to change the ETN to FIAT and withdraw it to be able to spend it.” – IvanStudio, AnyTask.com Freelancer
It’s time for governments to embrace blockchain technology and its potential to become a tool for greater financial inclusion
As the cryptocurrency commercialize continues to grow over the future ten, towards the aspiring heights of a $ 250 trillion asset class, it ’ randomness authoritative to focus on the positivist implications this engineering has to partake with the universe. It ’ randomness easily to be led by the ‘ new ’ and ‘ exciting ’ trends within the space or be distracted by warnings of malicious captive from minority groups. The reality is, that there are more than 1.7 billion people in this global who potentially stand to benefit from this newly technology, and it ’ s important that governments embrace it.
Studies have shown that blockchain technology will potentially impact many areas of club, which will aid massively in the development of a more connect global economy. The habit casing hera with AnyTask.com and Electroneum ( ETN ) is a capital exemplar of how decentralized blockchain engineering can connect people to the global economy, introducing with it new ways to earn. If you’re interested in seeing how AnyTask.com works, why not check out some of the most popular categories and hire one of the talented freelancers today: