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How Crypto is about to disrupt the Fiat business model

Updated: Nov 15, 2022

Dr. Pippa Malmgrem, a leading US economist who served as a special adviser to President George W. Bush, made a statement that a cashless society, controlled by elites, is looming right around the corner;

The world is rapidly changing and evolving towards a new system of commerce – Digital commerce. Crypto is quickly transitioning from the outer edges of the finance world to becoming a mainstream staple in society as it goes from early adoption to mainstream. Crypto represents cash without borders and can easily be used to move large amounts of money from one destination to another without the restriction from most free governments. We discussed some of this in our last event;

Recently this changed when the Canadian government began forcing protestors to stop protesting by confiscating their bank accounts and shutting down their fundraising efforts. They even stepped into the crypto space and reached out to different institutions to try to shut down their access to these funds. This signaled to many within Canada and to the outside world that the government was trying to illegally step into spaces they had no jurisdiction in – until recently. China was one of the first world superpowers to enter into using digital currencies while others look to make this stop.

The time is now to move ahead with Crypto Currencies

While governments, world leaders, and corporations look to step into this space, this is the best time for your small business to adopt these practices and be at the front of this new shift in our finances.

Here are some of the reasons why you should start using Crypto now;

1. It will save you money...

  • Most transactions fees on Visa and Master Card are 3 percent or much higher in some cases, whereas bitcoin fees are much lower, especially now before it becomes regulated.

2. Transactions will process quickly ...

  • Instead of days/weeks for large transactions to move ahead, you can transact within minutes/hours.

3. The currency works worldwide and without borders...

  • Want to send money to a friend in Africa and or Asia or a place where it is hard to get funds? Not a problem with Crypto. Just send your money to their wallet and it happens in minutes.

4. You will avoid fraud and chargebacks...

5. You can acquire new customers…

  • There are many people who use Bitcoin to be outside of systems of control and surveillance. Open your business to new target segments that would be happy to send you money in bitcoin

6. Get back in control over your finances and data…

  • Having control over your money is incredibly valuable and important as you transact in this new era of commerce. There are ways to keep your money, and data private from centralized systems.

  • Escape Financial and Surveillance Censorship

  • Governments can target you if they don’t like what you represent

7. Remove the centralized banking system from your transactions

  • Your bank is too big and it doesn’t care about you

  • This is the perfect time to find a way to transact with those who are still interested in your financial well-being.

Identify your company’s path and develop a road map

Crypto is viewed by some as a critical part of the evolution of finance. When your company chooses to engage with crypto, that triggers changes across the organization, as well as changes in mindset.

As with any technology change or upgrade, there is a need for an implementation plan. That plan should include, but is not limited to, these types of questions:

  • What is the overall strategy?

  • What are the short-term and long-term objectives?

  • What partners, internal and external, does the company need to involve? Can leaders identify effective champions for the effort across the enterprise, in all relevant departments?

  • Will the decisions and actions the company takes now allow for flexibility and scaling of efforts later?

  • How can the company integrate the security needs of operating in the digital asset ecosystem with existing security and cyber efforts in the company?

  • How does the company implement the introduction of crypto? Does it begin with a payments-only, “hands-off” approach? Or does it engage “hands-on”?

  • What resources will the company need above and beyond those it currently has? What new expertise might it need?

  • What will the implementation roadmap look like?

  • How will the company evaluate progress as it implements? Does the company have the necessary processes in place to monitor the execution of transactions and vendor performance?

  • What does the final state before launch look like?

  • Do employees want to be paid in Crypto?

This can be a complex endeavor. That’s why, before engaging in a more robust launch, some companies have chosen to pilot the use of crypto just as they would pilot new technology.

We have some proven solutions to test drive your pilot projects and can contact us by email. We will also be having an event on April 25th to discuss this topic in more detail;


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