Every day we hear about new innovations and inventions, while increasing reliance on digital tools that affect the different walks and sectors of life, and this is reflected in the financial sector through facilitating trading and managing Investments and capital exchanges, and today the cryptocurrencies are emerging on the global financial stage and have become a controversial reality due to the fluctuations that are taking place.
Cryptocurrencies adopt a technique known as a block chain - blockchain, which operates according to the peer-to-peer principle, where coded transactions are recorded and confirmed Its authenticity without the need for central bank intervention, and both cryptocurrencies and blockchain technology are protected by robust encryption algorithms.
These currencies attracted investors and speculators who hope to find a new monetary concept, and although Bitcoin lost a large part of its value last year, there is still interest among investors in The fields of cryptography and the technology behind it, the cryptocurrency market took off a decade ago and its size today is close to $ 120 billion, and some are defective by its lack of regulation and its decentralization that allows the use of these currencies illegally, which always opens the door to questions about the future of these assets and technology Blockchain supports it, but the investment landscape confirms it Naah is moving towards development.
Tool to counter the economic blockade
While digital currencies are seen as a means of tax evasion or money laundering, and other unlawful transactions over the Internet, only countries suffer from An economic blockade like Venezuela, for example, managed to overcome its crisis by issuing a digital process called Petro, and linked its price to the price of a local oil barrel, which reflects the changes in the global financial system.
On the other hand, after mediation has had a significant role throughout history in financial transactions and the restriction of their freedom, blockchain technologies and their applications today allow individuals the possibility of creating an independent financial force that allows the execution of transactions Safely and quickly.
Some countries, such as Sweden and Norway, also tend to give up cash entirely and rely on electronic payment, and credit card companies spend smart money on marketing campaigns and incentives to attract people towards dealing in digital ways. . ...
