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Imagine a world where you don't need physical cash to make payments. With the increasing popularity of cashless transactions, this futuristic reality is becoming closer than ever before!!
In this article, let's explore the pros and cons of a cashless society, the driving forces behind it, and how countries are embracing this #digitalcrypto revolution.

The idea of a cashless society has been circulating since the 1970s when the widespread use of debit and credit cards began. However, the push for a cashless society gained momentum after the 2008 financial crisis.
Banks and card payment providers saw this as an opportunity to increase their profits by promoting digital transactions.
#centralbank also started embracing the concept of a cashless society after Facebook unveiled its Libra stablecoin project in 2019.
Centralized vs Decentralized Cashless Society:
One of the key debates surrounding a cashless society is whether it should be centralized or decentralized. Centralized cashless systems, such as Central Bank Digital Currencies.

#CBDC give central banks full control over transactions, raising concerns about privacy and government surveillance. On the other hand, decentralized cashless systems, like cryptocurrencies, offer more privacy and financial freedom, although some cryptocurrencies lean towards centralization and can impose similar controls as CBDCs.
Supporters of a cashless society argue that it can bring several benefits, including better control over spending, increased privacy, and resilience against bank bail-ins.
Governments and central banks also justify the transition to a cashless society as a way to fight crime, corruption, and tax evasion. However, critics argue that a cashless society can lead to a dystopian future, with governments having too much control over the economy and individuals losing their financial freedom.
The First Mover Of Cashless Society:
Sweden is often seen as a frontrunner in the transition to a cashless society, with less than 10% of all sales made in cash. The push towards a cashless society in Sweden began after the 2008 financial crisis, as central banks sought ways to increase financial stability.
Cash use significantly declined in 2015 when the Swedish Central Bank announced the exchange of old cash notes to fight counterfeiting.

In contrast, countries like Slovakia are enshrining cash use into law to prevent a dystopian cashless society.
Trust in governments plays a crucial role in the successful adoption of cashless systems. To encourage adoption, cashless payments need to be made appealing and convenient.
While convenience drives many individuals to embrace digital payments, trust in governments is equally important to ensure secure and reliable transactions. Without this trust and convenience, the transition to a cashless society could face significant resistance.
Challenges and Solutions For A Cashless Society:
Transitioning to a cashless society poses challenges, especially for large countries like the US and the EU. To maintain financial stability, these countries need to find ways to eliminate cash from circulation.
Possible solutions include inflation and interest rate incentives to encourage large cash holders to deposit their money in banks, as well as forced currency exchange to remove remaining cash.
However, any cashless solution that competes with central bank digital currencies may face restrictions from governments and central banks.
While it is inevitable that we will move towards a cashless society, it is crucial to ensure that decentralized digital currencies are part of this transition. By enshrining access and payment for cash in laws, we can ensure that it remains an option for individuals.
Advocating for cash protections is important, but it should be done carefully to avoid any unintended social repercussions.

The digitized financial system may erode financial freedom, but with decentralized and private cashless solutions, we have the potential to preserve it.
As cashless payments continue to gain popularity, a world without physical cash may become a reality sooner than we think. While a cashless society offers benefits such as convenience and increased control over spending, it also raises concerns about privacy, government surveillance, and individual financial freedom.
Finding a balance between centralized control and decentralized options, we can navigate towards a cashless society that prioritizes convenience, privacy, and financial freedom.
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TikTok is an immensely popular social media platform where users can record and edit short videos and share them with a global audience. TikTok is owned by ByteDance, a company headquartered in China. TikTok made its debut in 2017 and currently serves around 1 billion monthly active users. Notably, TikTok has a “twin app” called Douyin, which is focused on the Chinese market.Given TikTok’s huge success, it’s not surprising that many people are wondering how to buy TikTok stock or how to invest in TikTok. In this article, we’ll explain why it’s currently difficult for the average investor to invest in TikTok since ByteDance is a privately owned company. Still, we’ll show you some methods of how you can get some indirect exposure to the success of TikTok. Who owns TikTok?TikTok is owned by ByteDance, a China-based company with several products such as TikTok, Douyin, Mobile Legends, PICO, Lemon8, Baike.com and others.ByteDance was founded by Zhang Yiming and Liang Rubo in March 2012. The company’s first product was Toutiao, a platform that provides news and informative content, using algorithmic models to tailor the displayed content on a user-by-user basis.In Ocotber 2023, ByteDance was valued at $223.5 billionfollowing an employee buyback program, according to Reuters. However, ByteDance has reached even higher valuations in the past, as it was valued above $400 billion at its peak.Can you buy TikTok stock?No, you cannot buy TikTok stock because ByteDance is not a publicly traded company.Still, there are indirect ways of gaining exposure to TikTok. This is because certain companies that have a stake in TikTok are publicly traded. By buying stock in these companies, you could benefit from the success of TikTok, although the companies also have many other holdings which could impact their overall performance.KKR & Co Inc is a global investment company based in the United States. The company has invested in ByteDance on two occasions, in 2018 (at a $75 billion valuation for ByteDance) and in 2020 (at a $180 billion valuation for ByteDance). KKR & Co Inc is traded publicly on the New York Stock Exchange under the ticker KKR. SoftBank is a Japan-based investment holding company. SoftBank made an undisclosed investment in ByteDance through its SoftBank Vision Fund in 2018. SoftBank is publicly traded on the Tokyo Stock Exchange.Potentially, you could also invest in TikTok through platforms like EquityBee and EquityZen, where investors can purchase stock in certain privately-held companies. Is TikTok a good investment?With 1 billion monthly active users, the potential upside of investing in TikTok is certainly significant. According to data from Business of Apps, TikTok’s annual revenue has grown from $63 million in 2017 to $9.4 billion in 2022. The TikTok app has seen 3.3 billion in cumulative downloads since its launch in 2017. It is currently the 5th-largest social media app, following Facebook, YouTube, WhatsApp, and Instagram.However, investors in TikTok are also facing significant risks, many of which are rooted in ByteDance being a Chinese company. TikTok is a controversial app, with several countries enacting or at least considering restricting or even banning the app. TikTok is banned outright in India, Iran, Pakistan and several other countries. Meanwhile, Belgium and Canada have banned TikTok from all work devices used by government workers.The United States has also been considering banning TikTok and putting pressure on ByteDance. For example, former U.S. president Donald Trump signed an order in 2020 that stipulated that TikTok would be banned if ByteDance didn’t sell or spin off TikTok within a specified time period. The order was later revoked by Joe Biden. More than 30 U.S. states prohibit government workers and contractors from having the TikTok app installed on government-issued devices.It’s also important to keep in mind that while TikTok’s success is very impressive, the competition is not sleeping. For example, online video giant YouTube has launched its YouTube Shorts platform, which has many parallels with TikTok. Will there be a TikTok IPO?During the Trump administration, there were rumors that ByteDance was considering spinning off TikTok as a separate company and conducting a TikTok IPO. However, this plan has not materialized. In August 2022, ByteDance CFO Julie Gao told employees the company had no plans to go public.At the moment, there is no reason to believe that ByteDance is planning to go the IPO route itself or even conduct a separate TikTok IPO. However, this could obviously change in the future, as a ByteDance IPO would provide a clear path for investors in the company to realize some of their gains.FAQsHow to buy TikTok stock?The average investor currently can’t buy TikTok stock because TikTok isn’t publicly traded, and neither is its parent company ByteDance. While there have been some rumors of a TikTok IPO in the past, ByteDance currently doesn’t appear to have plans to take the platform public.What is the TikTok stock price?The TikTok stock price is currently unknown because TikTok and its parent company, ByteDance, aren’t publicly traded. In 2023, ByteDance reportedly gave its employees an option to buy their stock in the company at a price of $155 per share.What is the TikTok stock ticker?Currently, TikTok is not traded publicly, so it does not have a stock ticker.Can you buy TikTok’s parent company stock?TikTok’s parent company, ByteDance, is not publicly listed, so regular investors can’t buy its stock at the moment.The bottom line: The average investor currently has no good way of investing in TikTokWhile TikTok is potentially a very attractive investment, the average investor can’t access it at the moment because ByteDance is not a publicly traded company. In the future, we could see a ByteDance IPO, but there’s also a chance that ByteDance could spin off the platform, opening the doors for a TikTok IPO.If you’re also interested in investing in other stocks, check out our article exploring the 10 best stocks to buy right #Meme #Tiktok #digitalcrypto #BinanceSquare #tia $BTC $ETH $BNB

🎉 Holonym has just secured $5.50M in its latest funding round! 🎉
🔹About: Holonym Crypto Project is an innovative initiative focused on enhancing digital identity security for the decentralized web. Founded by the Holonym Foundation, it recently secured $5.5 million in seed funding led by Finality Capital and Paper Ventures. Holonym aims to provide a global digital personhood through its unique “Human Keys” technology, which transforms biometric data into cryptographic keys. This approach shifts the ownership of digital assets from random seed phrases to human biometrics, ensuring a more secure and user-friendly experience. The project includes three core protocols: Mishti Network, Zeronym, and an Actively Validated Service (AVS) on Eigenlayer. These protocols leverage advanced cryptographic solutions to offer robust data privacy and security. Holonym’s vision is to empower individuals with self-sovereign identity, enabling them to own, govern, and selectively share their data with strong privacy guarantees. By integrating these principles, Holonym aims to bridge the gap between Web2 and Web3, making decentralized applications more accessible and secure. This project represents a significant step towards a more decentralized and privacy-focused internet. 🚀
🔹 Lead Investors: Arrigngton XRP Capital, Draper Dragon, Daedalus, Paper Ventures, WAGMI Ventures and many more.
🔹 Total Raised: $5.50M.
🔹 Project Category: Web3, Digital Identity.
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