Future of digital finance in my country

Digital finance in Venezuela.

Digital finance in Venezuela is on par with any Latin country, there is no great progress on this issue, especially in a country in crisis, everything progresses according to the investments that private companies make in the country, although it must be recognized that the Advances to date have been very useful to users, and it must be recognized that a while ago to carry out any transaction you had to go to any bank, this has changed and you only need a smartphone to carry out any transaction that the average user requires .

Technologies advance every day and innovating new services, but it must be emphasized that 36% of the Venezuelan population does not have access to the Internet and therefore to no digital financial service; this is extrapolated to the entire world.

We must join efforts so that this gap is reduced and thus favor individual liberties.

The future of digital finance

Even if the totality of people does not want a fully digital future, this is an inevitable path, since central banks around the world, for example, are adopting the so-called modern digital central banks as a counterpart to the decentralized cryptocurrencies that they they can't control. This must be said, seek greater control over the population, greater vigilance over the individual and facilitates the application of any sanction by a state, and especially a dictatorial state.

decentralized finance

Decentralized finance has already become a human right through its own effort, as an economist said, words more words less, that the free exchange between people of any product or service can allow the minting of any currency between the parties; this is the worst nightmare of any state, whether corrupt or not, and guarantees the freedom of any individual.

Advantages and disadvantages of the current Venezuelan financial system and decentralized finance. The main advantage between a financial system supervised by a state and decentralized finance is that the former will always exercise control and in some conditions pressure on the individual in their freedom of decision, while a decentralized finance system is set by the rules. The interested parts.

And the main disadvantage of a decentralized system is that it can be used by criminals to commit any type of crime, such as money laundering, tax evasion and the financing of illicit activities such as terrorism; These are the strengths used by the states to implement a digital financial system and have control.

Thank you for visiting my blog. If you like posts about #science, #planet, #politics, #rights #crypto, #traveling and discovering secrets and beauties of the #universe, feel free to Follow me as these are the topics I write about the most. Have a wonderful day and stay on this great platform :) :)

! The truth will set us free and science is the one that is closest to the truth!