he prediction about the internet came true. It truly changed the world as we see it today. But even after the change and the world connected all together, which is incredible but the transactions are extremely slow, and we have to pay a transaction fee roughly 50$ to do a cross-border transaction. The money which we are supposed to own, made by somebody else. A guy with a crown on his head saying, “This is your money” and we accept it.
A few years back, we had the same question:
What is money?
How can a piece of a paper store the value we own, how can somebody else control our value? We figured, money isn’t a construct of authority, so there should not be any central power controlling it. Yet, all our money comes from the construct of authoritative sources.
We all have the right to expression, the right to be heard. The best way we can express and make our voice heard is through language. Money isn’t a piece of paper, it’s a language that helps human beings to express value. Then why are our rights being controlled by these authoritative sources?
Decentralized and democratic features of Blockchain and Cryptocurrency was the solution to these problems. Data purely as a manifestation of money, transmitted using any communication medium that can convey information. A cryptocurrency transaction has a very convenient way of being recorded onto a blockchain, but not necessary. It could be encoded into any form of digital concept imaginable such as skype emojis or could be written and put up on a craigslist ad. Making it so much decentralized that the concept of self-owning commodities comes into existence.
The idea was to remove the centralization aspect from society and make it decentralized to form a consensus, and the first step towards this goal is to create an open marketplace accessible to everyone everywhere. A decentralized ecosystem built on Blockchain and Fueled by Cryptocurrency, a system that doesn’t provide bank accounts to its citizen, but a system that creates individual banks for each citizen.
An open, digital, democratic and decentralized marketplace. That’s the first step of CryptX Financial towards the Internet of Money.
Live Unbanking the citizens and making them independent of central authorities to make this world a better place.
Visit us at CryptX Financial.