Babbitt Interview | How Cryptocurrencies Change the World? We talked to the columnist of the international station

Cryptocurrency can change the world!

"What is this bizarre MLM statement? It sounds short and powerful but unfounded." I believe most people will think this way when they first hear the above sentence.

In many countries with strong economic strength, the operation of cash and cashless societies is perfect, and the existence of cryptocurrencies seems to be a burden, but also a force of rebellion. But there is a group of people who have long realized the dream of "working from home", live on cryptocurrencies, and enjoy the freedom that cryptocurrency brings.

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They are freelance writers in the cryptocurrency industry.

Is cryptocurrency really influential? Is it necessary to use cryptocurrency in daily life? What kind of change can cryptocurrency bring? We interviewed several columnists at Babbitt International , hoping to find answers from their own experiences.

Blockchain Impressions: Applications and Struggles

Since the first submission on November 24, 2016, Olusegun Ogundeji from Nigeria has posted 356 articles on Babbitt International Station, with over 7 million views.

Traveling through various technological activities, he became a freelance writer as early as 2008. "It is important to report on the dynamics of emerging technologies, which are the basis for the potential of these technologies and the impact of existing applications."

He told Babbitt that in Nigeria, despite the confusion surrounding the concepts of cryptocurrencies and blockchain, the country has become more aware of these emerging technologies.

On Wednesday, the Supreme Court of India lifted the Indian Central Bank ’s ban on cryptocurrencies for nearly two years. Not only India, but the entire cryptocurrency community has fallen into a “cloud carnival” mood.

Priyanka Saxena from India is a data platform engineer at Siemens. She said India's "cryptocurrency winter" will end with the lifting of the ban.

"India is not only full of engineers," Priyanka said, "there are many cryptocurrency users there, as well as many DeFi platforms such as Nuo, Instadapp, etc."

Unlike the ongoing struggle in India, almost every state in the United States has established a blockchain working group to explore the application of blockchain in public affairs.

Natalie, who is in the United States, can also be regarded as the "old man" in the blockchain field. In 2014, she saw a Bitcoin ATM machine at Draper University, a well-known Silicon Valley investor Tim Draper, and learned about Bitcoin as a result.

Blockchain power: trust and transparency

"What impact will blockchain have in your country?"

They gave two keywords:

Transparent. Both Priyanka and Priyeshu are from India, and they also mentioned India's inflation problem. Priyanka said that a large number of politicians and officials in India are deliberately driving up inflation by promoting continuous currency issuance, and that personal inability to repay loans is the norm. Cryptocurrencies can disassociate the government from the currency, while also creating a more transparent government.

trust. Natalie, based in the United States, told Babbitt that the blockchain has created a layer of trust, reshaped the way we interact with the Internet, and gradually solved the problems of data leakage and identity theft.

"Blockchain recognizes the value of data and directly gives users financial rewards. In the long run, blockchain will build a borderless virtual world and reshape a better economic system."

From the perspective of trust, Olusegun believes that blockchain can bring more convenience to users in countries such as Nigeria and improve their awareness of financial responsibility.

Olusegun also pointed out that the ecology of the original chain is very promising. In the nascent stage of the industry, despite the fierce competition, Biyuan Chain will be more capable in terms of strength, opportunity and risk response.

Blockchain temperature: cryptocurrency and everyday life

Regarding whether the cryptocurrency is hoarded or spent, the columnists of the international station have no tacit understanding at this time.

Olusegun: I use cryptocurrency in my daily life. This is my source of income and can support my life.

Priyanka: My name is Hodler, and I prefer to store my precious cryptocurrency safely in a hardware wallet.

Priyeshu: I'm Hodler, and I usually spend coins. The use of cryptocurrencies is fundamental to achieving popularity.

Natalie: I don't use cryptocurrencies in my life because the user experience is still not good. From the current stage, most people have become Hodler for various reasons. They are either waiting for the value to rise in the currency store, or they have already relied on cash and various payment apps, and they are really used in daily life Cryptocurrency is still a minority. User experience may no longer be a big problem, and user habits and merchant acceptance are the real crux.

But we believe that, as Priyeshu said, universal adoption can only be achieved if cryptocurrencies are really used.

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