Transcriber: Shaimaa Yahia Reviewer: Anna Sobota
When I was younger, I dreamed of the idea of a perfect world.
Everyone would have a big house out in the a country
surrounded by unicorns, sunshine and happiness.
But I’m older now,
and the image of an ideal world for me is to be independent,
to be able to go to university,
and to buy my own pink Bentley.
Ultimately, I'd like to decide what happens to my own money.
We're now at the dawn of a new era.
We must pause and wonder what the future holds in terms of the economy.
What if there was a world where everyone could have money
in order for their perfect world to come true?
Now,
one of the things that would help your perfect world come true is cryptocurrency.
Why? You might think.
Because tokens have proven themselves useful for money movement and speculation.
They’re unlikely to go away.
All money is a form of encoding.
It’s been there from the start.
And as our live merge ever more closely with the digital universe,
the drive to invest in tokens will only accelerate.
That impulse will connect to supremative instincts
and do its part to keep us human.
Frederick Kaufman stated this, and I agree with him.
I mean, cryptocurrency is not here to trick you or mislead you.
It is made to ensure a new pay method,
it is made to create an even better society.
In Africa, the potential for Bitcoin is outstanding,
with 60 % of the world’s money already passing through the continent
and Nigeria being the second largest Bitcoin markets after the USA.
Now, we all know that Nigeria’s democracy is quite fragile.
But Nigerians took this opportunity to find another way to have money.
Female leaders are also finding their way into blockchain technology in Africa,
because this is their idea of a perfect world.
They made it happen.
You can too.
Cryptocurrency offers a clear advantage for the crowdfunding industry,
bringing transparency and security to the space,
and protecting creators in these interactions.
Merged with tokens,
crowdfunding can now be an even faster way to earn money with no upfront fees.
Initial coin offerings are centered around cryptocurrency,
which is used as a source of capital for startup companies venture.
Cryptocurrency will make the world a better place
as it continues to impact crowdfunding positively.
Moreover, most people rely on banks for international
and online money transfer services,
which is somehow considered the safest way to do so.
Yet if you have ever gone to the process of sending money overseas,
using any of these enterprises,
you know that it’s not always a smooth ride.
Banks, for example. They will take your information
and do everything else for you to ensure your money
arrives at the desired destination.
Some companies may work with same-day transactions for an extra fee,
but it’s still may take days
and prices vary according to the amount you’re sending,
and how fast you want it to get there.
However, the blockchain can help make inter and intra-country transactions
safer, cheaper and faster.
Tokens also make e-commerce stronger,
while traditional transactions, as we said earlier,
can be relatively slow,
the blockchain allows for quicker,
more direct transactions that can help one’s business cash flow.
And for consumers, the immediate processing of cryptocurrency
means orders can be shipped instantaneously.
Perfect for satisfying shoppers, increasing demand for delivery.
It also expands the markets,
and provides customers with more choices at the checkout.
It even creates more opportunities for worldwide business.
Cryptocurrency reduces the risk of fraud.
For example, buying a house
can take months of tiring paperwork, and expensive lawyer fees.
In some countries, like the UK,
your seller can accept your offer but reject it later for a higher bid.
Now, most property market issues stem from lack of trust, right?
Complex land registries are backed by green’s assigned paperwork
and they make tracking difficult,
and verification requires the coordination of banks, government agencies and lawyers.
However, the blockchain removes the need for complex verification processes
carried out by negotiators.
There is a single transparent version of the truth,
and one party can’t make changes without agreement from the other party.
It’s secure which cuts down on paperwork and hence reduces the risk of fraud.
Crypto is infiltrating into every domain and sector on a global scale.
What started with the choice to buy Bitcoin,
has now developed into a race for decentralization
and tracking improvement.
In many ways, crypto seemed to be nothing more than a daring experiment
is now a reliable option to improve global processes.
Now is a time to invest in tokens.
Now is a time to help your perfect world come true.
Decide how your life can benefit from cryptocurrency,
because it will.
Thank you.
(Applause)