As an evolving technology, blockchain suffers from volatility, which causes abrupt drops in the value of crypto, like bitcoin, particularly when financial institutions refrain from them. While volatility might be seen as a buzzkill by many, futurology guru Jason Hope still considers cryptocurrency a game-changer for businesses in the future. Let’s find out why:

Transaction Value

The decentralized blockchain system is, first and foremost, quicker, more effective, and more profitable for businesses. According to his research, using cryptocurrency to transact is either cost-free or only incurs a 1% fee. Furthermore, Jason Hope reports, value is exchanged electronically, which speeds up the process and provides instant confirmations. 

Security

Secure payment options are necessary for businesses to win customers’ trust, Jason Hope instills. Although no solution has developed yet, the activist investor thinks cryptocurrency will revolutionize security since it eliminates fraudulent returns, chargebacks, and the risk of disclosing credit card information. 

Investment in the future

According to the futurist, cryptocurrency is a means for investors to explore cutting-edge technologies with enormous growth potential, Jason Hope furthermore explains. Erik Finman, for example, invested in Bitcoin as a teenager and became a billionaire by the time he was eighteen. 

Furthermore, the ease with which startups can now raise funding through initial coin offerings (ICOs) from global investors is another one of its outstanding benefits. He asserts that blockchain technology is here to stay and that little fluctuations in value won’t prevent it from revolutionizing society. Jason Hope believes that the currency will stabilize enough for businesses to integrate in a short while, so it would be best to wait.