How NFT can be exchanged in future economy || Alternative Currency in next world
Some people don't try to believe that NFT or cryptocurrencies can be used successfully as a medium of exchange in our daily life economic activities. They actually lives in only the visual reality, which is totally departed from imagination, standing with only materialism.
But the world doesn't exist only on material things, but also with the synchronisation of emotion, realisation, expectation and imagination. Science also support this.
For an real life example, when we look at the sky, see an white matter that is like a roof above us. But in reality it's not a roof rather than a space, where there are a lot of things like milkyway, planets, stars etc.
Again if you look at the horizon, you will find that sky meet with the ground. But in reality sky never touch the ground and they remain far different from each other.
So only visual world cannot be supported and proved by the science. Science believe on proofs and thoughts backed by actual argument and realisation. According to this definition of reality, you never can deny the compatibility of NFT and cryptocurrencies.
So today I will discuss about the probable future activities of our economy, how it could be transacted with cryptocurrency and NFT?
If you want to go anywhere with Uber service or something like that, you may pay your bill using your credit card or mobile banking services. This digital currency may be replaced by your cryptocurrency. You will in future send HBD or other tokens to the crypto wallet of the driver. It may be a good example for the transaction of cryptocurrency in next world.
When you went to the super shops, they have some POS machine and you may pay them by cash or credit card, or mobile banking or online banking services. In future world they will also have another option to pay with cryptocurrency. You may send some bitcoins or NFT to their accounts that will be accepted by that supershop and they will suggest you to pay the related amount of cryptocurrencies that costs equal to your bill according to the exchange rate of this NFT in terms of Dollar on that time.
Online marketing or virtual marketing is becoming popular day by day. Some people faces many problems when they want to buy something from online market beyond borders, because the payment system is not supported or facilited by his country system like Bangladesh. They don't support Paypal accounts and the Bangladeshi people are facing very much problems when they want to buy something on any online shop of America or China or any other foreign countries. They have limited opportunities to pay and feel difficulties. When they will pay it by their cryptocurrencies or other NFT, it will become more easier and user-friendly for them and they will frequently buy things from foreign market.
Foreign trades in export-import business may also be easily settled by these cryptocurrencies in future. There will be developed some L/C Houses i.e. Letter of Credit Houses that will offer to pay or give your payment by NFT and they will also provide security for your loan as well as the exchange rate will be secured by their insurance program. That's why speculation will not affect the change of rate against dollar and the users like exporter or importer will be benefited and secured by the system. I just wanted to give you some idea about how the cryptocurrency may be transacted in future world. It may be in any other format which will be more convenient, easy and productive way for the economy as well as for human being.
About Me:
I am Tariqul Islam Like Blog, Vlog, Writing, Photography & Art Hive: @tariqul.bibm 3speak: tariqul.bibm
I am an Engineer by Graduation,
Teacher by occupation & Writer by passion.
I believe, Life is beautiful!
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