Mintme News

Digital-tokens-and-technological-expansion.png

Digital tokens and technological expansion

Aug 12, 2020

When we talk about technological expansion we talk about digital tokens because when things get digital, money does as well. Certainly, it has been this way for a while, yet not everyone has understood the importance of having the opportunity to choose how and where to use their money, and create their own system that can benefit directly.

We are living in a new reality

One of the side effects of the pandemic was the increase in digital payments, which brings with it a scenario hitherto unknown to some societies: the possibility of cash disappearing. But will cash really disappear? Will digital coins replace the usual transactions and economic movements? Until recently, almost no one imagined that in street markets, payments could be made with a single click and no money in hand, but for some time now that reality has been slowly coming to our cities. Payments with card or crypto payments are only some of the new modalities that are seen in the shops.

In addition, the COVID-19 pandemic seems to have brought the digital world into our lives and one of the concerns is whether cash is coming to an end. According to the latest report by Capgemini - one of the global leaders in digital technology and transformation - the health crisis has triggered digital payments and this trend will continue to increase in the future.

“Expansion means to assimilate technologies in a way that can allow businesses and entrepreneurs of the world to grow and develop a “tick skin” to survive through economic changes and remain always a step ahead of any eventualities.”.

But beyond the development of banking digitalization, technology will play a fundamental role in the processes of economic recovery in the aftermath of the health crisis caused by the COVID-19. And here as well digital tokens take an important role.

Expansion means to assimilate technologies in a way that can allow businesses and entrepreneurs of the world to grow and develop a “tick skin” to survive through economic changes and remain always a step ahead of any eventualities. More than 50 years ago, in 1964, the New York World's Fair took place, an event remembered for its approach to the new technologies that would bring the future. With this theme, Isaac Asimov, a Soviet-American writer (as well as a biochemist) wrote a surprisingly precise essay on what our life would be like 50 years later.

Among the things that Asimov got right is the ability to communicate relatively easily to almost anywhere on the planet, not just through voice, but through video. He also describes how our household appliances could heat food and make coffee on their own and mentions cars with "robotic brains" that drive themselves.

Token creation in the working environment

When it comes to working, solutions such as blockchain allow you to better control the origin of your monetary and information exchanges. By means of QR codes you have identified all the products of your company and, thanks to virtual reality resources, the training to the personnel has allowed you to save costs and to optimize times.

This routine is not a projection to the future, but something that is happening already. That is why it is natural that the investment in these technological solutions registers a constant increase since 2017 when blockchain generated a global income of more than 2 billion dollars. By 2022 they are expected to reach $14 billion. The same is true for artificial intelligence, whose market is expected to increase from 21 to more than 190 billion by 2025.

Now it's the time to invest in crypto but not only that, it’s the time to build reliability thought the blockchain and token creation. To finally allow your business to grow and expand to reach new boundaries and open up to better possibilities.

Mary Schwartz