Digital Currencies For Digital Markets
John Ink2Quill
www.ink2quill.com

So many people are investing more and more in digital money. People’s trust in digital money is only increasing. However, questions do remain. Which digital money(s) are the most stable? Which kind of insurances come with these new money(s)? And will they have the same reach as the strongest paper moneys of he world? In other words, it’s a question of settling on the best fit for the economy you work in the way someone selects the best house to purchase according to neighborhood. It is possible that the US dollar may well be the most used paper currency to have ever existed, especially in this age of the diminishing acceptance of paper currency.

However, I believe that paper currencies will still have a place in our emerging economies. And industries like tourism will keep it. After all, it makes sense in certain cases to use paper money. It might seem too slow for some banking and business transactions but if you’re buying slippers on a coastal, picturesque town then cash might be the best way to do so. There will always be a need for direct, anonymous transactions that cash can offer. And that is not necessarily illegal or criminal ones either. I do believe that most cash transactions will continue to be done by law abiding people in legal sectors of the economy as is the case today.

The point is that on our quest to find reliable, legal digital currencies the person of tomorrow might just have to deal with constant conversions across industries, countries and even businesses. So, a person wishing to purchase an item from country or state A might have to pass through banks or businesses that convert their digital currencies (for a small fee of course) to the currency of the country, state or even business in order to purchase that item. And yes, in this possible future, businesses might have their own currencies just like countries do. So, the cost of doing business could become more complex and expensive and it will always be monitored. Fleeting are the days of spending privacy. Also, things like currency conversion discounts for large amounts of money and discounts from the selling of one’s information are a possible reality we will have to deal with. Yes, digital currency could finally bring about the much needed change being that the individual would actually own their information and have a right over that information and how it is spread. That is a wonderful and much needed change for this new age.

The days of a single, paper currency that can be traded almost anywhere are already looking like the good old days seeing how fast things are changing. As much as we criticize the use of the US dollar, the Euro or other paper currencies today we will look back at how much easier those days were and wish for them to return.

I don’t doubt that this new complexity will make some people very wealthy and empowered. But still. Reducing complexity in our lives is such a great thing to wish for but that will come with unanticipated costs.

The economy of the not-too-distant future could well be a place where a person handles their digital currencies the way people handle their portfolios of investments. That means moving digital currencies around on a daily basis to avoid any loss of value. it also means keeping our ears to the ground to hear the latest tea on the best emerging currencies to dive into.

I’m just guessing.

John Ink2Quill

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