The 3rd Industrial revolution brought us technology that none had ever seen before. The advancements made by humankind in this era were innumerable, both for the physical world and the psychological attitude of society at large. But now, with the magic of blockchain technology enhancing our lives, the 4th revolution is expected to exceed the last three in terms of impact on society.
The most notable change is the integration of decentralized currency, a.k.a. cryptocurrency, into the economy. This has reduced the usage of fiat currency and created a new digital currency of utmost security maintained by the users themselves.
Although the concept of digital currency was spread by people talking about its security and efficiency, this idea took decades to turn into a reality.
Let’s look into how cryptocurrencies are ushering in a whole new industry.
Crypto in the Context of Industry 4.0
- Crypto Goes Green
The amazing thing about crypto is that it complements the vision of the 4th industrial revolution. More specifically, the vision to develop our existing technologies without harming the environment. Cryptocurrencies could be a great asset in that endeavor.
The creation of paper currency led to deforestation in many areas; crypto doesn’t use paper currency, it relies on power that can be sourced from renewable places. This amounts to allowing breathing space for vegetation and wildlife to regrow, as blockchain technology can be used to help the environment.
- The Future is Cashless
The accessibility of crypto is another feature that uses blockchain to help generate awareness and increase efficiency.
Generally, people who tend to invest in crypto are also avid believers in it and share this with their circles. Because of this, more and more companies are dipping their fingers into the crypto honeypot. Some types of crypto provide a source of income to tech and game developing companies, while NFTs help digital artists earn a fair living.
There are many uses of crypto in the market; for example, Tesla, the EV car company, has announced that they might be accepting Bitcoin payments again in the future. It is widely believed that soon every single company or market, including your nearby grocery store, will start accepting payments in crypto. What this could mean for our current systems is yet to be seen.
- A peek into the future
Today’s usage of crypto is nothing but one step forward toward establishing a strong global economy for the future.
Businesses are continuously adopting cryptos to further benefit their consumers who can enjoy more payment options. Crypto transactions have been made optimal due to the security and advanced features provided by exchanges such as IXFI and the endless possibilities decentralization offers.
Take steps today to be a part of this future and register on IXFI for a seamless trading experience. Enjoy true financial independence with Your Friendly Crypto Exchange by your side.
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Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.
Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
