The age that we live in is decidedly the digital age. This is an apt description of this era, considering the fact that we are positively surrounded by great accomplishments in digitalisation and technological advancement. The fact of the matter is that the world we now live in is the direct result of all our innovations and determination to drive our species’ progress. We have been so focused on exceeding our own species’ innovation that we have not even noticed how rapidly all this technological advancement has begun to spur onward and upward. There is something oddly comforting and familiar about digitalisation and technological advancement that we have become positively reliant on, and we can no longer go back to the time where it was not a prominent fixture in everyday life. If anything, these innovations will only continue to advance and develop further, now and going into the future.
Now, we stand on the edge of a completely digitised era, and one of the most prominent innovations of this transitory time is none other than cryptocurrency. In short, cryptocurrency is a modern motion of currency that is decentralised by nature. The power of crypto is that it effectively removes the middle man (i.e. the banks) from the picture, making it definitively easier – and faster – for transactions, payments, and received amounts to go from point A to point B. The hope for cryptocurrency is that it expands beyond the current niche it is widely considered to be, and it holds not only the potential, but also the promise as well. Why? The answer lies in millennials. These younger generations are more and more often finding themselves entering the real world, and because they are the first generations to have grown up surrounded by feats of digitalisation, they expect it to be a prominent force in all aspects of their lives – including, as it turns out, their financial security and stability.
While not many people openly and widely use, or recommend cryptocurrency as a worthy alternative to traditional currency movements and platforms, that is likely just due to underrated exposure. There simply has not been enough faith in cryptocurrencies up to this point, for people to take the leap. Until now, that is. Millennials are driving the popularity of cryptocurrency back up in a surging display. It makes perfect sense why. These are individuals who have become so comfortable, so familiar, with the level of digitalisation that they experience in everyday life, that it genuinely seems quite strange for it not to be as prominent in the financial industry. While the financial industry has indeed embraced digitalisation in many other ways, it is just now beginning to fully embrace crypto. And it is about time, too.
Decentralised currency might be considered a niche now, but it will very likely become as common as physical currency is today, in the near future. Everything from Italian food and Perth storage, to retail purchases and even car payments (and everything in between, for that matter) will likely expand to become available for transference not only the current, traditional way, but also through cryptocurrency. It is the way of the modern world, and it is the way of our species to continue evolving a technology when we recognise the meeting place of hope and potential. Crypto has had its rises and falls in its relatively short lifetime – and it will likely have more as time goes on – but it also has its value. And that is the driving force. Technological advancement and rapid digitalisation are the mark of the new era, the rise of the modern world.
This new world that we live in is one that is positively shrouded in digital innovation and technological prowess, and we are the masters of our own universe. After all, these innovations are here because of our willpower, and they continue to exist because of our dedication to keeping them alive. Digital innovations and technological developments are all valuable in their own right, and for their own reasons. One of the most valuable of all recent innovations is the rise of cryptocurrency to the mainstream. It is a rise that is still ongoing even now, but it is gaining traction all the time. Cryptocurrency promises a new frontier in technological innovation, and it does so with flare and excitement. Today, it is a niche, but if the younger generations driving its popularity upward again have anything to say about it, it will soon become a commonality as prominent as the notes in our wallets, the coins at the bottoms of our bags, or the cards in our card holders. Time will tell which way the crypto coin ultimately lands, but bets are on that it will likely dominate in the near future.