The emergence of new payment systems is just around the corner

Hacking, theft, volatility, transaction delays, huge profits along with fictitious transactions, changing the views of society from unconditional acceptance to indignation and a complete misunderstanding of the essence of the process even by those involved in it - this is how something unknown and new always starts. Something that still has to grow and transform.

If you delve into history, it is true: the first planes could not fly - they jumped forward several meters, the first model of cell phone did not fit in a pocket, and the weight of the first pistol was so huge that it was easier to use an ax.

The reason is not that markets are not ready or players are skeptical. Everyone knows the saying: “The first pancake is lumpy.” This is the same with Bitcoin - modern assets are a little meaningless and heavy, like the first mobile phone, but a new generation will come and everything will be different.

It may be very risky to buy an unreliable cryptocurrency today. At the same time, this does not mean that the next generation of crypto assets will not be many times better. Everything indicates that big changes are coming.

The principle of the new means of payment may not be in blockchain data distribution; this system will become obsolete. Instead, each company will issue personal tokens that will work within its system. This means that the turnover of tokens will increase, while their rate will rise. It is logical that there will be companies that will want to engage in token trading.

If you ask the question of who will benefit from this, then the answer is obvious. For those for whom it is more profitable to work with a token than with a dollar. To someone who owns a large growing trade turnover system. These people and companies will become the first signs of a new financial system for the world.

Telegram is already planning to operate using such a system. Gram is expected to be used by millions of customers. Many of them live in countries with inconvenient and imperfect payment and payment systems; inconvenience arises due to the need to pay for small purchases in cash. As a result, there is a need for one convenient payment system through which one could pay everywhere.

It is possible that the launch of Gram will lead to changes in Facebook, Amazon and Google, which will also begin to work with it, because they will be forced to adapt to market movements.

Of course, there are rumors that cryptocurrencies are used to pay for porn and drugs, but for now these are just rumors..

But the fact that a huge amount of drugs and unregistered weapons are bought for the usual fiat is known to everyone, not excluding financial regulators who are now trying to “tame” and “stall” cryptocurrencies under the pretext that almost the entire porn industry and drug trafficking is financed by digital currencies. The question arises: who financed these shadow movements and even terrorism ten years ago and with what currency? And twenty years ago? Were illegal transactions really paid for in dollars and euros? It can’t be!

Despite the hype, modern Bitcoin is a kind of mix of a pyramid and Forex principles. The era of new payment systems will be completely different. We will see a kaleidoscope of different payment systems with special currencies, which will be economically justified. Moreover, there will be full compliance with the specifics of accounting for currency and the market in which it operates.

As for the blockchain, most likely it will be taken as the basis for tokens that are used in payments for property rights, as well as in state registries.  

You need to be prepared for a new, flourishing era of cryptocurrency. And in order to be on the wave of changes, you need to start studying the market and looking for your place in the sun now.