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Saturday, 20 October 05:52 (GMT -05:00)



Foreign exchange market

Sebastian Forbes: Global Banking System Lags Behind Cryptocurrency Era


Economists say that money is the blood of an economy while banks are its heart and blood system. What happens when the heart and blood system stop working properly? The entire economy will be in jeopardy.
 
Famous financial analyst Sebastian Forbes (EU) raised this problem in his video message in the Internet.
 
Our world is constantly changing. People, cities, countries, and continents are changing. Some changes are rapid. Others last for centuries. Financial and banking systems also seem to meet the demands of the times. 10 years ago, nothing foreshadowed any changes in this area. 5 years ago, the first notes of change appeared. Today, the World Bit Bank project is ready to bring about major changes in this sphere. However, this will change your understanding of finances and banks.
 

Imagine that there is no longer any need to carry cash or several credit cards. Your wallet will turn into just one small card where your money is freely converted into the currency of any other country or cryptocurrency. This card connects all your other cards and accounts in any bank with the help of a single mobile application which allows you to manage it in a single system. There is no need to go to the bank and sign a ton of paper to obtain a loan to buy housing or to pay for studies. There is no fear that your money will be stolen or that it will expire. Just imagine you can make a payment in a few seconds and it doesn’t matter what kind of payment it is. An account in a café, buying a washing machine, or transferring money to relatives or friends. And most importantly, all of this will be transparent, absolutely legal. I believe the successful implementation of the World Bit Bank project will give you a significant impact changes in the world’s financial and banking system.
 
Indeed, that was an amazing and very inspiring speech. It seems like the World Bit Bank project is going to revolutionize the global financial and banking systems in the near future.
 
For those of you who don’t know, Sebastian Forbes is a well-known financier form the EU. He graduated from Oxford University and has been a certified expert in financial audit regulatory relations between financial market participants. He is one of the most respected experts in cryptocurrencies and other financial assets.

 

 

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