“The unicorn has been a part of our collective imagination for centuries, and over time, it has come to be almost synonymous with rarity. But as a corporate moniker, “unicorn” was first coined in 2013 by Aileen Lee, who identified 39 startups with individual values of more than $1 billion. She felt these companies were as rare as unicorns.” - Juan Campos, ‘What’s a Unicorn Startup Company?’ on inacademy.eu Every entrepreneur wishes to create a Unicorn Startup Project in their lifetime, especially during modern times where the emphasis is on an all-time high with the introduction of new and undeveloped ideas. There is particularly a rise in the pursuit of unicorn projects with the emergence of new creations such as Uber, GrabTaxi, Airbnb, Spotify and etc. These creations have all stemmed from a single idea that has not been thoroughly discovered in the past. Innovation begins with a seemingly unique idea which has yet to be invented. It is the same for unicorn projects, whereby entrepreneurs have come up with creations which conveniently apply to diversified lifestyles. The success of unicorn projects boils down to the following factors:
Likewise, the Global USD Token 'GUSDT’ Project is a unicorn project which plays the role of a game-changer in the financial industry. The emergence of the GUSDT Project came at the perfect time when the trend of digital currency adoption remains on an upward momentum, because fiat currencies have been facing the challenge of further devaluation due to inflation, which begs the question “Can cryptocurrencies truly replace fiat currencies?” Soon after experiencing the global digital revolution, digital currency adoption has received a warm welcome by unicorn companies and prominent businessmen to begin creating their own digital currency. In comparison to the optimization of fiat currencies, GUSDT possesses favourable attributes simply by leveraging the unique capabilities of blockchain technology and cryptocurrency:
Challenges in The Global Economy SceneThe global economic scene has suffered multiple crises over the years, many of which have seen a gradual recovery, before the situation went downhill once again with the outbreak of COVID-19 at the beginning of 2020, resulting in the global economy crumbling down an endless spiral of negative consequences. The global economy has been severely challenged to the point where multiple corporations have faced difficulties in settling international trade and handling the high demand for payment solutions by multinational companies. The current unfortunate situation stems from the first global financial crisis which had occurred when the 158-year-old fourth-largest U.S. investment bank, Lehman Brothers filed for bankruptcy in 2008. As a result, the financial crisis has severely affected the global financial system, causing tremendous changes in the global economy for the past 12 years. Moreover, the spillover effects of monetary policies in developed countries have become more pronounced and more complicated than ever before, profoundly impacting international trade in the process. If there were any good to come out of this situation, it would be the fact that the challenges faced were rather an unintended experiment to discover fintech (financial technology) solutions to combat the existing crises in the global financial ecosystem. What was experienced, in fact, was a situation which stood up remarkably well to the unrelenting conditions, giving way to new opportunities to enhance the current financial system which is inclusive of the acquisition and utilization of funds necessary for efficient operations. It is, and should be an inevitable fact that digital currencies are bound to transform the global financial system in the near future via long term investments. For instance, the restrictions faced during the current raging pandemic has significantly increased the probability of optimizing digital currency as a convenient and modernized tool that allows everyone to settle all kinds of transactions on a virtual platform from the comfort of our homes. GUSDT to become Dominant Over Fiat Currencies“Cryptocurrencies have emerged as a major source of investor enthusiasm over the past decade, with some investors predicting that one or more tokens will eventually supersede fiat currency.” - Nathan Reiff, ‘Bitcoin or Altcoin: Can One of Them Replace Fiat?’ on investopedia.com The arrival of GUSDT Project is highly considered a replacement for fiat currencies, and it is not without factual evidence. While fiat currencies have been in use for as long as we can remember, it carries loads of uncertainty and financial risks, which unfortunately, has left the public no choice but to opt for a better alternative - digital currencies, in order to avoid facing any unpredictable loss or devaluation of financial assets. GUSDT has also received due attention worldwide for the following reasons:
The country has an extensive amount of control over legal currencies, which is seen as an unfavourable situation because when the currency itself is pegged by the country, citizens will experience inflation and thus devalues the legal currency and eventually decreases their purchasing power when prices are inflated yet currencies are devalued excessively. An example would be the Turkish currency which had recently dropped to 20% overnight due to U.S. sanctions. Therefore, they have figured out an effective solution to curb this problem and avoid further devaluation of their currency, which is to adopt digital currency into their financial system as it is not affected by the inflated financial market. GUSDT as the Ultimate Solution to Securing Financial AssetsThe optimization of digital currencies has proven to be beneficial to the existing global financial market, in particular to an approximate 30% of the world’s countries which have experienced high inflation in the last few years due to devaluation of fiat currencies. In fact, it has reached a point whereby central banks were unable to stabilize their fiat currencies, which makes it logical to bring in digital currencies as a replacement for fiat currencies to avoid further inflation and other financial issues in the future. In essence, digital currencies are more secure and efficient in comparison to fiat currencies because they are independent and not pegged by the country.
With the implementation of digital currency, investors are now able to secure their financial assets more effectively, simply because they are anonymous and therefore can be applied to move assets in and out of the country, making it a significantly favourable and convenient method for global citizens to undergo financial transactions with international business partners. Investors have found the implementation of digital currencies to be a better option in securing their financial assets and ensuring their business transactions can be completed in a convenient, risk-free and timely manner. What makes GUSDT special and beneficial to the financial industry is the fact that they are consumer-centric and committed to prioritizing investors and clients’ objectives and needs, simply by establishing a set of project core and mission which reduces the financial risks during their transactions, as well as allowing them to obtain higher returns with the least amount of effort, profiting investors and clients in the best way possible, where they will find the stability and profitability they have been seeking all their lives.
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