Crypto In Digital Financing

You would be ignorant to think that the financial system is not going through a transformation. No, the dollar is not going anywhere. You can still pay for your coffee and fast food with paper money. Our traditional banking system is archaic and not interoperable between currencies, markets, and industries.

Think of the financial industry as a highway, and payments are just cars moving on that highway. We have an issue with traffic, too many cars with not enough lanes. The exit ramps are inefficient, and with the current banking system, we don’t own any of our cars. Crypto can be seen as the construction team looking to improve the financial highway and give us the ability to own our cars.

“But what value does it hold?”

The same value that we created for the pieces of paper in our wallets and hidden in mattresses.

Crypto can be synchronized in three parts, the asset that is being traded, the technology to transact that trade, and the blockchain that records the receipt of each transactions to a public (decentralized) ledger. To embrace where we are going, we must first understand where we have been.

With Web3, ledgers go through a tokenization process that allows any asset, stock, bond, or any other sensitive data to be replaced with a non-sensitive token to be used to facilitate a transaction. (Mastercard 2024).

Crypto and Digital Assets were a talking point for Donald Trump on his campaign trail, vowing to make America, “The Crypto Capital of the World.”

But what is the difference?

I will be exploring potential use cases for digital financing, the state of the finance industry, and things to anticipate with a new “pro-crypto” administration.

Geo-politically, everyone is anticipating “clear rules of the road” from congress on the sale of Crypto and Digital Assets. More importantly, what will be stored in the “Sovereign Wealth Fund” and the “Reserve Stockpile of Digital Assets” from Trump’s Crypto Council, ran by Crypto Czar, David Sacks.