Having been in the crypto industry for four years, I firmly believe that while cryptocurrency is the currency of the future, not all cryptos are suited for that role. Coins like Bitcoin, Ethereum, Dogecoin, and Cardano are more akin to commodities or assets than practical currencies due to their volatility. They serve specific purposes but lack the stability needed for everyday transactions.
The true contenders for future currency are stablecoins. Pegged 1:1 to real-world currencies like the US dollar, stablecoins such as $USDT and $USDC provide the stability and reliability required for global adoption. They address the volatility issue, making them ideal for payments, savings, and cross-border transactions.
For a currency to succeed, it must be stable, widely accepted, and retain value over time. Stablecoins meet these criteria, bridging the gap between traditional finance and the blockchain revolution.
In my view, while other cryptocurrencies will continue to thrive as assets or tools for innovation, stablecoins represent the real future of currency. Stability is the key to global adoption, and stablecoins are leading the way.
By Ayyman Saeedh Certified Blockchain Expert and Crypto Professional
A rupee-backed #stablecoin could serve as a valuable complement to the RBI’s digital currency ( $INRx ), offering #India significant economic advantages 🌐.
Key benefits of such a 1:1 INR-pegged token include:
Low transaction costs 💰, enabling efficient domestic and cross-border payments.
Stability 📊, providing a #crypto asset tied to the official currency’s value.
Financial innovation 🚀, promoting wider adoption of blockchain technology while bolstering #India ’s position in the global digital economy.
This initiative could drive modernization in India's financial ecosystem, aligning with its goal of becoming a #digital powerhouse 🌟.
British Computer Scientist Convicted for False Bitcoin Claims
By Ayyman Saeedh Craig Wright, a British computer scientist, has been convicted after years of claiming to be $BTC ’s creator, Satoshi Nakamoto. Wright’s assertion, if true, would place him among the wealthiest individuals, with $BTC holdings estimated at $100 billion (£80 billion). However, he failed to provide the cryptographic proof expected by the crypto community.
Wright’s conviction highlights the need for transparency in the crypto industry, where unsubstantiated claims can create confusion and erode trust. Despite his bold assertions since 2016, the true identity of $BTC ’s creator remains a mystery, adding to the intrigue surrounding the cryptocurrency’s origins.
This case is a reminder that blockchain’s success depends on integrity and verifiable facts, not false narratives. While Satoshi Nakamoto’s identity may remain unknown, bitcoin’s decentralized vision continues to shape the future of finance. #BTCNextMove #BitcoinCreator Written by Ayyman Saeedh Certified Blockchain Expert | Founder, Cypraea Moneta | Crypto Professional
Our analysis indicates a bullish outlook 📈 for Bitcoin ( $BTC ), projecting it could reach $150,000 💵 in the near future, driven by strong market fundamentals and growing adoption 🌐.
#Ripple CEO Brad Garlinghouse 🌊 has issued a crucial warning to the $XRP community ⚠️ amidst recent developments. While specifics remain unclear, the message underscores the importance of vigilance and staying informed as #Ripple navigates ongoing challenges and opportunities in the #crypto landscape 🌐.
The #Australian Securities and Investments Commission ( #ASIC ) 🇦🇺 has filed a #lawsuit against @binance 🌐, alleging failures in consumer safeguards ⚖️.
The regulator claims #Binance violated local laws by mishandling customer classifications and failing to meet compliance standards 🚨. This legal action adds to global regulatory scrutiny on the exchange, highlighting the growing focus on consumer protection in the #crypto industry 🔍.
The #Pi Network 🌐 has announced a major update: its long-awaited mainnet #launch is now scheduled for early 2025 📅.
This #milestone marks a significant step forward for the project, which aims to bring decentralized digital currency to the masses 🌟. Enthusiasts and miners are eagerly anticipating the launch 🚀 as Pi moves closer to delivering on its promise of accessibility and innovation 🔥
A staggering $250 million in Bitcoin ( $BTC ) and Ethereum ( $ETH ) 💰 has flowed through major U.S. exchange Coinbase 🌐, catching the attention of the crypto community 🚀.
This massive movement underscores the growing institutional and retail interest in the leading digital assets, signaling potential market-shifting activity 🔥.