In December 2016, the Federal Reserve released a research paper on distributed ledgers. It highlighted, that “Distributed Ledger Technologies have the potential to drive change to the financial market structure in ways that take advantage of it”, implying that right now October 2017 blockchain technology is long in implementation and that by 2019 would definitely be the only way to communicate financially as banks diversify to remain competitive in an evolving financial blockchain universe.
The IMF has already began considering cryptocurrencies as legal digital tender because they are faster, safer and more transparent, and it is only a matter of time before SWIFT becomes obsolete. Worldwide, many countries are in implementation. The year ahead of us, 2018, will definitely be a year of change as society embraces this new money.
Here are some of the upcoming events in 2018. The future will sweep the present so fast that the ground beneath will transform and give way to new millionaires and billionaires. The opportunity to participate in wealth distribution is here and now.
The blockchain revolution is around the corner. Growing evidence suggests favorable scenarios whereas cryptocurrency becomes the only kind of currency moving forward. Sweden is one of many countries who are embracing digital.
There are currently thousands of crypto coins in the world and the list keeps growing, regardless the recent crackdown on ICO’s. SWIFT has been around for a long time, could it be the end? or, the beginning?