How Crypto Is Disrupting the Financial Ecosystem #infographic - Visualistan

    Social Items

How Crypto Is Disrupting the Financial Ecosystem

Currently, the cryptocurrency market is a bit like the Wild West. It’s unregulated, it offers a dose of anonymity that can easily be abused, and it seems impossible to control. Since it’s not regulated by the government, the current Bitcoin price varies wildly from day to day. Even though transactions are not taxed, they’re legally subject to taxation, something that’s not always easy for the government to enforce.

 From the emergence of Bitcoin and Ethereum, all the way to Facebook’s Libra, blockchain technologies and crypto have been raising dust and changing the concept of finance as we know it. We know the whole thing’s exciting and innovative. But is it safe? Since cryptocurrency transactions operate on open online ledgers, the need for a trusted intermediary is completely eliminated.

Given the fact that banks build their entire business on being trusted intermediaries and handling transactions for other people, the very existence of cryptocurrency exchanges is an affront to them. Banks are worried, governments are terrified, financial experts are torn between glee and gloom, and consumers simply don’t know what to think.

How Crypto Is Disrupting the Financial Ecosystem #infographic


infographic by; fortunly.com

Share This Infographic On Your Site

How Crypto Is Disrupting the Financial Ecosystem #infographic

How Crypto Is Disrupting the Financial Ecosystem

Currently, the cryptocurrency market is a bit like the Wild West. It’s unregulated, it offers a dose of anonymity that can easily be abused, and it seems impossible to control. Since it’s not regulated by the government, the current Bitcoin price varies wildly from day to day. Even though transactions are not taxed, they’re legally subject to taxation, something that’s not always easy for the government to enforce.

 From the emergence of Bitcoin and Ethereum, all the way to Facebook’s Libra, blockchain technologies and crypto have been raising dust and changing the concept of finance as we know it. We know the whole thing’s exciting and innovative. But is it safe? Since cryptocurrency transactions operate on open online ledgers, the need for a trusted intermediary is completely eliminated.

Given the fact that banks build their entire business on being trusted intermediaries and handling transactions for other people, the very existence of cryptocurrency exchanges is an affront to them. Banks are worried, governments are terrified, financial experts are torn between glee and gloom, and consumers simply don’t know what to think.

How Crypto Is Disrupting the Financial Ecosystem #infographic


infographic by; fortunly.com

Share This Infographic On Your Site

Related Post

Disqus Codes
  • To write a bold letter please use <strong></strong> or <b></b>
  • To write a italic letter please use <em></em> or <i></i>
  • To write a underline letter please use <u></u>
  • To write a strikethrought letter please use <strike></strike>
  • To write HTML code, please use <code></code> or <pre></pre> or <pre><code></code></pre>
    And use parse tool below to easy get the style.
Show Parser Box

strong em u strike
pre code pre code spoiler
embed

Subscribe Our Newsletter

Notifications

Disqus Logo