The purchasing patterns of individuals have changed and the use of coins or paper tickets becomes more and more obsolete with time, the trend of the money for 2010 and in the next few years has been changing. The society is going through a period of transition where the Internet has been the major sponsor. For the economy, the revolutionary beginning of Internet shopping was the first step for the change in use of the cash. That is why in this article we’ll see where to point the picture of the money in the future.
Contents
The not too distant future and that fact is already a reality
Thanks to all this technological development, the future of money has ceased to be a physical and has become a type of discoverable information. This means that as time passes the people prefer to use more tools of electronic shopping that have money in their pockets. The future will be marked by three types of inventions that have already started to happen now: electronic money: it Is a new platform for payments via a telephone line, which eliminates the need of using cash. Wallets virtual: This type of transaction is the union of the bank accounts and the use of smartphones. Allows you to set your debit card or credit on your phone and make direct payments in cash by means of the use of the digital fingerprint. Virtual currency: According to experts, the implementation of a virtual currency would be the future of our economy. The Bitcoin has certainly been the beginning of this future, and although today it is a reality, very small has a projection of huge development, its value will continue to increase year after year as it has done since 2009. In addition there are many analysts who agree on a strong appreciation towards 2020-2022 onwards, however, only the passage of time will pull us through these questions. More than an alternative to the current money, the mere fact of the fight against inflation is enough excuse to preserve part of the wealth of the citizens in Bitcoin. Especially in countries with hyperinflation, where the money sovereign loses value day-to-day in a radical way.
Revaluation of gold
On the other hand, much has been written this year about the evolution of the price of gold in recent months that has led him to surpass the peak figures of the last six years. Analysts believe that by 2020 it will be their year, with a revaluation to be important. The markets have been months volatile by geopolitical uncertainties as the trade war between the united States and China, the Brexit, the protests in Hong Kong and tensions in the Middle East. The gold is usually regarded as a safe investment in times of political turmoil, and financial. The price of gold has risen. The risks of the global economy, geopolitical tensions and nervousness in the financial markets predict more increases. Analysts claim that gold is a good currency alternative because it is safe and because it costs nothing to possess it in comparison with the payment of negative rates on deposits. In this context, gold prices could rise by 2020 to reach $ 2,000 per ounce next year.
Pound sterling
Recently, the pound was strengthened after the passage of an initiative to prevent a “Brexit” without agreement at the end of October, which alleviated the concern of the market for the future of the british economy. In the final transactions of New York, the euro rose 1,0966 to 1,1032 dollars and the pound sterling increased from 1,2085 to 1,2212 dollars. However, the british pound fell against the dollar on Thursday after the announcement of the british prime minister in national elections. The additional uncertainty caused by a choice could be damaging to the pound in the short term. Fell 0.47% to $ 1,285, and accumulates a loss of 1,43%. After climbing to a maximum of 5 and a half months on Monday, the pound fell on Tuesday after lawmakers blocked the plan for Johnson to move forward with an agreement of withdrawal on the 31 October.
Future prospects
Now, watching all this in contrast to events that have happened recently we see that while the impact of the cryptocurrencies is still tiny compared with coins are traditional, in the past three years is estimated to have grown gradually, which leads to thoughts about his future. Explained in a simple way, which gives the Bitcoin is a new way to preserve value and to move it in line. While some see its progress as an omen of their future domain in the transactions at the global level, others believe that although in the next few years will not disappear, yes will continue to have a niche bounded management. The digital nature of this criptomoneda, and decentralization, can get into a new means of collection, payment, and back money. The new digital world and dependent on technology is presented as a grand stage for the bitcoins, introducing an alternative against the currencies of traditional. This may not happen now, but there is the possibility that in a few years, or maybe in a decade, the cryptocurrencies become something normal for the new generations of digital and the complete transformation of the money. The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.