Thursday, May 5, 2016

Why Banks around the world are ramping up development of Cryptocurrency



THE PROBLEM 


History shows us that a nation’s fiat currency is ultimately doomed to fail. Not one fiat currency has survived in all of history.
Many financial experts around the world warn that our nation’s deficit spending and its burgeoning $19+ Trillion Dollar debt spells the doom of the Dollar’s dominance as the world’s reserve currency. They go on to say that “the demise of the Dollar will be the death of the Euro.” The question is…which one will fail first? Many people are unaware of the seriousness of the pending global currency crisis. However, many people in America and around the world are waking up to the stark reality of a central banking system gone wild. The Federal Reserve has been flooding the world with U.S. currency, causing the buying power of the dollar to dramatically decrease. There are also issues of counterfeiting, theft and other which make a fiat currency less and less relevant to the evolving world. More and more people are desperate to find a solution that will protect their assets and retirement accounts from withering.


Within 100 years, the U.S. Dollar has lost over 95% of its value! Today’s dollar is worth less than a nickel.
Another global issue that can be addressed by cryptocurrency are the billions of people termed the “unbanked” because they don’t have the proper documentation to be a part of the banking community. This is predominantly people from Asia, Africa and South America. There is a very real problem that a citizen of these countries face as they work abroad and try to send money back to families without paying the high fees of Western Union, Money Gram or global equivalents. The remittance market is a huge gold mine but has been left unchallenged for decades. Cryptocurrency is changing this accepted norm.
Also, in our ever-advancing high tech, mobile world there is the constant fear of being hacked. Even credit cards keep advancing their technology to protect their users although the recent EMV technology appears to be allowing more fraud.
THE SOLUTION
Cryptocurrency appears to be the focus of a paradigm shift in the future of transacting money worldwide. Duke University , NYU , MIT and Stanford University are all offering accredited courses in Bitcoin and cryptography. Hundreds of merchants including, Wal-Mart, McDonalds, Overstock, Wordpress, Microsoft and more are accepting Bitcoin as a form of payment.
Major banks like Citibank, Bank of America, JP Morgan, Wells Fargo, Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JP Morgan, State Street, Royal Bank of Scotland and UBS are all exploring block chain technology and some have issued patents to protect their explorations.
What is clear is that the companies that can get the largest market share the fastest will have a strong foothold in an evolving landscape as the world moves into a technological shift for global finance and the future of payments.
There are a host of technology giants and astute business people that are backing this digital revolution. People like Bill Gates, Eric Schmidt (CEO of Google), Richard Branson, Ben Bernanke and others. 


THE OPPORTUNITY 


The Bitcoin story makes it clear that there are huge rewards for early adopters in this new marketplace. There were a lot of millionaires created from Bitcoin.9 In this emerging market there is space for a handful of cryptocurrency companies to take the lead, like the big four in credit cards, MasterCard being the first bank card and Barclay with the first credit but both to be passed up by VISA.
Currently, OneCoin is the second largest cryptocurrency in the world and we believe it will overtake Bitcoin and has a very good chance of being the largest cryptocurrency company in the world in another two years. The vision of the owner is that OneCoin will be a world reserve cryptocurrency. Several Key advantages of


OneCoin’s Cryptocurrency:
 • Safer than paper money and credit cards.
• Every “digital coin” is fully traceable by the OneCoin Company, unlike Bitcoin, that has no company tracking the coins. • Backed by Gold in Dubai.
 • Send money to anyone anywhere in the world in less then 2 seconds.
• No wire fees or converting currency exchange. One world currency.
• Every month has been a vertical valuation. (35% average)
• Ability to sell your coins at any time on our private exchange.
• Plans to be listed on public exchanges.
• An Amazon.com type e-commerce platform, which accepts OneCoin.
2.1 Billion possible coins owned by 100% individuals, which will make our coin more assessable than Bitcoin worldwide.
• Available to the unbanked and under banked, which is a huge market. 
• Backed by a company it is more stable than Bitcoin.
• Already has massive global acceptance, which caused OneCoin to do over 1 Billion in revenue in the first 13 months.
• Tied to MasterCard making it a familiar technology. The following graph shows the monthly revaluation of OneCoin. The starting value of OneCoin started in January of 2015 at $0.05 and in February 2016 the coin revalued at $5.84. Projections from Dr. Ruja are $12-30 by the end of 2016 and by the end of 2017 the value of OneCoin will be between $100-200 per coin.
·         People are discovering that they don’t have to put their money in a bank to be able use it and see their money grow in value. (something that banks use to have but don’t now)






You can take advantage of this opportunity and find out how you can secure your money and let it grow at the same time. Check it out now, http://why.digicoinpro.com/pfussell1




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