Future of Cryptocurrency - PowerPoint PPT Presentation

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Future of Cryptocurrency

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¨The future of cryptocurrencies will depend on the coordinated approach of global regulators and policymakers. – PowerPoint PPT presentation

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Title: Future of Cryptocurrency


1
Welcome
2
fUture of cryptocurrency
3
What Is Cryptocurrency
  • A digital currency in which encryption techniques
    are used to regulate the generation of units of
    currency and verify the transfer of funds,
    operating independently of a central bank.

4
What is Bitcoins
  • Bitcoin is one of the types of cryptocurrency
    that is specially designed to permit a single
    transaction to be mined inaround 10 minutes.
  • Bitcoin is the beginning of something great
    a currency without a government, something
    necessary and imperative.

5
How to buy, send and invest in the digital
currency
  • Cryptocurrency is cryptographic, which means that
    it uses a special encryption that
    allowscontrolling the generation of coins and
    confirming the transaction
  • It can be sent from one person to another, but
    without a central bank or the government
    attempting to track it.
  • The system depends on cryptography to control
    the creation of the currency.

6
Cryptocurrency Future Scenarios
  • The Federal Reserve could issue its own digital
    currency, as some global central banks are
    exploring.
  • Large companies such as Amazon, Walmart and
    Starbucks might issue digital coins that inspire
    trust and gain wide acceptance.
  • Retail giants, by accepting payments in the
    currency, could elevate Bitcoin, Ethereum or
    another cryptocurrency above the others vying to
    offer safety, soundness and utility.
  • Finally, if  trust is lost in government-backed,
    or fiat, currencies, a cryptocurrency future
    could come about by default.

7
Future acceptability of cryptocurrency
  • The future of cryptocurrencies will depend on the
    coordinated approach of global regulators and
    policymakers.
  • There underpinning technology could strengthen
    operations, notably with regards to money
    transfers and financial market infrastructure
    companies.

8
Contact us
Bitex believes that it can make the greatest impact on society by working at the local level, and ensuring that the benefits of this new cryptocurrency-based digital economy can also be felt by those under-served or left out of the current banking system.
9
Thanks
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