#EduSeries (2): The Future is Now: Evolution of Islamic Coin as a Crypto
2021 was a massive year for cryptocurrency and blockchain. But the question is, what’s next in 2022? We’ve already seen Bitcoin hit multiple new all-time highs over the past year and increasingly more institutional buy-in from major league companies. Ethereum, the second most popular cryptocurrency, achieved its own new all-time high last year as well. Several modern nations across the globe are now increasingly expressing interest in regulating cryptocurrency as a means to normalize it in their day-to-day economies. At the same time, people’s interest in cryptocurrencies has boomed because it’s a hot topic not only among financiers, but also amongst the general public, thanks to everyone from long-standing investors like Elon Musk to that other kid from your high school dealing in NFT’s. 2021 was an iconic ‘breakthrough’ year for global finance systems and now there is remarkable focus and attention on cryptocurrencies and blockchain technology. It’s important to remember that the industry is only in its infancy and consistently evolving, and that is the exact reason why, now is the best time to join the Islamic Coin revolution and capitalize on its benefits in the early stages. Experts and analysts have monitored the themes from regulation to widespread adoption of crypto payments and have predicted that in the coming months, the surge, value and usage is going to rise considerably.
Major league companies across multiple sectors have embraced cryptocurrency as the future and taken a leap to embrace the movement. As time goes on, this is becoming more and more evident as some of the world’s largest trademarks now accept digital currencies as a legitimate source of funds and these brands include, technology giant Microsoft, world’s largest open-source encyclopedia — Wikipedia and Starbucks. Since 2021, cryptocurrency has now also become a legal tender in two further countries, El Salvador and the Central African Republic. Furthermore, FinTech firms like PayPal and Square have now also activated ‘buying’ on their platforms through crypto and fast-food chain Burger King is taking orders through accepting cryptocurrencies. These global brands are to name just a few of the supporters of cryptocurrency, and it just highlights the scope of direction the finance world is now heading in.
In summary, cryptocurrencies have been a medium of exchange now for over 10 years and have picked up pace to enter mainstream economies. Cryptocurrency is now being actively traded around the clock and, according to reports from Skynova, more than 30% of U.S. small enterprises now fully accept it as a means of payment. One of the emerging key benefits of replacing physical currency with cryptocurrency is that large amounts of traditional currency Is dependent on third-party organizations to safeguard and store it at the expense of fees and charges. Whereas cryptocurrency is held by you through an encryption that only you have a key to. Islamic Coin not only offers all these benefits, but it’s also the first ever cryptocurrency that pays attention to the less fortunate communities through its Evergreen DAO fund. Join the movement, embrace the future and be a part of something special today.
