In the article “Jason Hope On Crypto Changing Future Businesses,” author Sumeet Manhas draws attention to the emerging popularity of cryptocurrency as a major global phenomenon, but that many know very little about it, despite hearing about it in the media. Most people have heard of Bitcoin, but there are a multitude of new cryptocurrencies available presently, and understanding how they function is essential if one is going to dabble in using and trading cryptos. Internet entrepreneur Jason Hope points out that cryptocurrency and blockchain technology is in a rapid state of evolution and development.
This has resulted in extreme volatility in the value of any given cryptocurrency. As businesses begin to accept cryptocurrency as payment, the future of business itself will be irrevocably changed, perhaps even to the point of affecting existing physical currencies. Up to now, e-commerce has been sorely in need of something like cryptocurrency for years. With more people preferring to shop online, Jason Hope states, e-commerce is fast outpacing brick and mortar stores, especially due in part to convenience and lower transaction fees. Cryptocurrency is also far more difficult to defraud, unlike credit cards which see a rate of theft unlike any other industry in the world.
Cryptocurrency is far more secure and requires active participation from both sender and receiver, while credit cards are rife with fraudulent charges and chargebacks. Hope also believes that cryptocurrency will result in better investments in the future, in that digital currencies show the potential for higher rates of growth, especially in terms of raising capital and fundraising. As Jason Hope points out, people who invested in Bitcoin a decade ago are millionaires now. Crypto also has a faster rate of transaction confirmation. Hope predicts that in the future, the volatility of crypto will stabilize, especially as more companies begin accepting it and transacting with it. Crypto is the future, Hope says, and the future of business is already here thanks to its influence.
