Crypto has become a hot topic worldwide, gaining popularity among young adults and millennials. People are trying to familiarize themselves with this growing mode of digital currency. However, there have been drastic drops in these digital currencies after a statement was posted on the Chinese Banking Association and its website, refraining financial institutions from using digital currencies due to their high volatility. This led to Bitcoin dropping by 30 percent. However, as a leading future analyst, Jason Hope has a different perspective on the future of cryptocurrency. Some of the reasons that give him a positive look towards cryptocurrency are;
Secure Online Transactions
As a leading future analyst, activist investor and truehearted philanthropist Jason Hope thinks businesses will soon require safe transactions; this will help to improve trust between businesses and their clients. The need is already there, as cases of fraud in transactions through banks have become rampant, but people have not yet discovered the safer way. Jason thinks that customers all over the world will have to turn to digital currencies as they are more secure. Paying with crypto wallets is safer than giving up one’s bank credit card information to random people.
Fast Transactions
Cryptocurrency offers the easiest mode of transaction worldwide, Jason Hope adds. Despite the introduction of wire transfers for banks, confirmation messages are delayed for transactions made through the bank. This can significantly delay many business operations and is a big turnoff to bank users. Cryptocurrency wallets provide instant transactions, making it easier for business transactions. For Jason Hope, this is making more people turn to using digital currencies daily, increasing the hope for a promising future of crypto.