Imagine a world where we took our marching orders from the supposed greatest informed naysayers of their era. Here are a few examples:
“I think there is a world market for maybe five computers.”
-Thomas Watson, president of IBM, 1943
“There is no reason anyone would want a computer in their home.”
-Ken Olsen, founder of Digital Equipment Corporation, 1977
“Almost all of the many predictions now being made about 1996 hinge on the Internet’s continuing exponential growth. But I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.”
-Robert Metcalfe, founder of 3Com, 1995
And now we turn to a more recent outlandish claim:
“Bitcoin is a ‘fraud’ that will eventually blow up.”
-Jamie Dimon, CEO of JPMorgan, 2017
The bottom line is this: “Crypto is NOT going away.”
In our above examples, the greatest factor that wasn’t taken into account for their future predictions was mass adoption. Mass adoption is not a radical instantaneous process and it requires a multitude of variables to accomplish. Electra is taking those steps and building the necessary infrastructure behind the scenes to accomplish just that.
One of the beginning steps of mass adoption is easing into change. Before undergoing a paradigm shift from everything people are used to, there needs to be a level of familiarity, so the change will be easier to digest. This change has already taken place and people haven’t really recognized it because the transition was nearly seamless. Consider that we used to use a FIAT currency, then there were checks which were simply a ledger of promise to pay a vendor. You sign your signature at the bottom which essentially becomes a legally binding contract that you agree to pay xx amount of dollars for whatever goods/services you are buying. Then came credit cards, where a company fronts the money on your behalf and you already have a legally binding contract that states you will repay the “borrowed” money. Then debit cards, electronically transferring funds from your account at a Point of Sale (POS) transaction. More recently are applications like Samsung Pay © and Apple Pay ©.
As you can see, the idea of digitizing currency isn’t a new concept to crypto. The greatest difference is, instead of digitizing FIAT currencies, crypto is replacing fiat currency with digital assets. As mentioned earlier, however, this transition has to be familiar. People need to be able to change the fiat currency into digital assets AND BACK in order to trust it. Until cryptocurrency replaces fiat as a global financial system, we still need access to both.
What if we could send crypto to a wallet address and withdraw whatever fiat we needed instantly?
Well by the end of 2018, this won’t just be an idea. It will be a reality.
This is a monumental first step in mass adoption. Taking something new and making it familiar is key to transitioning any concept, project, or idea to the forefront of success.
Electra would like to announce the newest partnership which will make this possible.
Presently in ICO stage, their whitepaper can be found here:
This very exciting project is bridging the gap and solving the problem of buying crypto (especially in countries where banks don’t allow purchases of crypto with their institutions). They are also solving the wait times and difficulties in turning crypto back into fiat currency when needed for whatever reason you might need to do so.
Presently there exist very few options for trading fiat for crypto, UniFox is answering that call.
With nearly 6,000 ATMs worldwide and 50,000 PoS transaction applications across the globe, the transition between cryptos and fiat has never been easier or more convenient. Moreover, the effects of being able to completely bypass the oppressive centralized banking systems in an effort to restore financial liberty are unquantifiable. This is truly a HUGE step in the direction of transforming our global financial system and restoring spending power back to the people. The ramifications of this accomplishment will propagate through the global populace. Once this resonation of restored liberty is realized by the masses, global adoption and implementation will be quick to follow.
The reality is, as you can see from Jamie Dimon’s quote, this will be met by grave opposition from those who’ve amassed their entire fortune around the misleading oppression of banking practices. Do not be surprised or swayed by fear mongering bankers, politicians, and general naysayers ripe with FUD.
Electra and UniFox are partnering together to achieve mass adoption, restoring spending power and liberty to the people, and making crypto easier to spend and purchase.
Additionally, check out these links and videos: