Reading the text of the speech I translated after watching the video below will make you understand an important application of Pi, which is the super-sovereign digital currency in the revolution of the global financial system. Another revolutionary application is that it is a black chain ready for the third generation Internet Web 3. 2023 is the beginning year of super-sovereign currency and Web3, Pi, which combines the two revolutions should have a bright future.
“What is the difference between the future global digital currency financial era and today's dollar-dominated global financial system? Who will dominate the future global order in the future digital financial era? Can the currencies of various sovereign countries smoothly enter the global digital financial time and space? So let me share a few opinions:
1. Digital currency is based on blockchain technology and is decentralized. It cannot be intervened and controlled by any sovereign country. Electronic money. This means that sovereign national currencies that are increasingly losing credibility will be gradually replaced by digital currencies that circulate globally. For example, Bitcoin, which is becoming more and more popular, is one of the future global digital currencies, but it is not the only one.
2.The exchange ratio between financial transaction activities in the global digital financial era and the currencies of sovereign countries is completely free from the control and constraints of the financial authorities of sovereign countries. If that country does not accept, choose not to accept or suppress the global digital currency, it will gradually be marginalized by the global digital currency and lose the opportunity. For example, when most countries choose to use global digital currency as their foreign exchange reserves, the price of buying global digital currency for the latecomer will be very high.
3.The digital currency supported by digital technology provided by the government of any sovereign country will not have global attack power in the future global financial market because it has won the brand of a sovereign country. At best, a country circulates its own digital currency and that is essentially the digitization of traditional banknotes.
4.When end users around the world, whether they are institutions or individuals, choose to use the global digital currency for settlement, an order that regulates global digital currency transactions will naturally emerge."
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I'm expressing my gladness on the immense infact developed in our future life that is introduction to Bitcoin development.
My plans is to develop a financial Blockchain that can be used by both literate and illiterate people for rural areas to be among development in Nigeria.
I'm expressing my gladness on the immense infact developed in our future life that is introduction to Bitcoin development.
My plans is to develop a financial Blockchain that can be used by both literate and illiterate people for rural areas to be among development in Nigeria.