SPONSORED | Here’s why lunomoney believes cryptocurrencies like Bitcoin are the next step in the evolution of money.
Cryptocurrencies are the next step in the evolution of money.What does money mean to you? Is it the pay cheque you get from work? Is it a force at work in the market, used by agents in that market to transact goods and services? Is it the notes and coins under your mattress making for a lumpy night’s sleep?
Here in SA, the South African Reserve Bank is the central authority that gives value to our currency, the rand. It issues the banknotes that are in your wallet right now. You can’t make your own ; it’s illegal. This system has chugged along for centuries, but it has flaws. When activists known as “cypherpunks” started trying to make digital currencies, they wanted to end the need for a central banking authority. These digital currencies are referred to as cryptocurrencies., we believe cryptocurrencies, like Bitcoin, are the next step in the evolution of money. Here’s why.
But the technology has evolved to offer us faster, cheaper, safer money, with more equal access. Across the world, people are moving towards digital payment systems because it’s no longer necessary to use physical money for everything .
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