Читать книгу Cryptocurrency All-in-One For Dummies - Peter Kent, Kiana Danial - Страница 180

Guaranteed payments that are permitted through blockchain-backed transactions will increase trade in places where trust is low. Poorer countries can compete on the same playing field as wealthier nations within these types of systems. As this happens over the next ten years, the global economies will shift. The cost of commodities and labor may increase.

Global companies pay their employees based on competitive pricing, as well as on employees’ previous salaries. If blockchains allow for equality across economic divides, it won’t happen overnight. Developers and other knowledge workers would be the exception because it’ll be easier for them to support themselves based on anonymous work.

Financial inclusion and equal global trade are very important topics for governments. Adoption of digital currencies will more likely take place nationwide in small and developing countries. Most large countries have decentralized power structures that prevent quick changes to vital systems like money.

The central power structures of small countries will allow them to leapfrog over legacy infrastructure and bureaucracy. For example, most African and South American countries don’t have landlines or addresses, but they all have smartphones and the ability to create cryptocurrency wallets. The missing piece is overall trade liquidity and capacity to pay for basic needs such as utilities, rent, and food through a cryptocurrency.