The Internet of Money is happening now in 2025
Contents
What is The Internet of Money?
It emphasizes how digital currencies, like Bitcoin and Ethereum, empower people to exchange money, assets, and services without traditional intermediaries such as banks or governments.
Key Concepts of The Internet of Money
- Decentralization: Instead of relying on centralized institutions (like banks), the Internet of Money uses decentralized technologies (e.g., blockchain) to validate and record transactions.
- Borderless Payments: Transactions can occur globally without the delays and fees associated with traditional banking systems or payment providers.
- Programmable Money: Smart contracts allow money to be programmed to behave in certain ways, such as releasing funds only when specific conditions are met.
- Financial Inclusion: The Internet of Money has the potential to provide financial services to unbanked and underbanked populations worldwide.
- Transparency and Security: Blockchain technologies provide a transparent and secure way to track and record transactions, reducing fraud and increasing trust.
The Book The Internet of Money
Why The Internet of Money is happening now in 2024?
The Internet of Money is happening.
The lego pieces are ready to be assembled for consumer utility.
1. Base -> helping blockchains scale
2. ENS -> identity
3. USDC -> stable medium of exchange
4. Smart Wallets -> reduce onboarding friction
etc
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