Although it would seem difficult to believe for those who recently approached the world of cryptocurrencies there was a time when buying bitcoins or any other cryptocurrency was not exactly the easiest thing in the world; the exchanges that managed the FIAT currencies were few, the bulk used USDT (the first stablecoin ever born) to protect themselves from volatility and not one dollar in legal tender flowed on the main market exchanges. Purchases by bank transfer and credit card were not for everyone and much depended on the banks, which however blacklisted the IBANs of the companies that allowed to buy bitcoins, with the result that the transfers often went back; things have changed a lot over the past five years and today there are not only numerous intermediaries that allow you to buy cryptocurrencies with a card (credit, debit, or prepaid), but the number of ATMs has multiplied and, above all, the trading platforms have opened up to FIAT currencies. The latest, in chronological order, was bitfinex which just yesterday announced that it will allow its users to buy cryptocurrencies using their credit and debit cards. All this has been made possible by a series of actions that have given rise to strategic partnerships, such as the one with Bitrefill that we have already dealt with, the rise of the Lightning Network and the collaboration with Chainalysis which will take care of ensuring the compliance of the exchange anti-money laundering regulations.
Over time, therefore, the market continues to grow and mature, the number of intermediaries offering payment solutions increases, the Lightning network grows, which allows you to manage even micro-transactions without clogging the network and without paying commissions, the number increases exchanges that, after making sure they comply with regulations, open to the use of debit and credit cards, ATMs increase (just a few weeks ago a new record was reached with over 6 thousand devices installed all over the world) and the number of companies issuing prepaid rechargeable cards in cryptocurrency also increased. At this point it should be very clear that not only the world of crypto is not a bubble, nor a ponzi scheme or a scam, but a solid reality, which moves billions of dollars and which has now consolidated an alternative and capable payment system not only to function better but also to reduce costs for all. In short, the world of crypto is already ready to replace the current economic-financial system, if this is slow to happen it is only because this technology challenges the very meaning and usefulness of many institutions, even at the political level. Here much more is at stake than the future of payment systems, here the way governance is exercised, which is why so many countries, especially here in Europe, categorically refuse to ride this type of innovation; the intelligence and effectiveness of these new models, however, is out of the question so it is really only a matter of time before the transaction from the old model to the new one takes place. All that remains is for us to be ready when all this inevitably happens.
