Last week, the Managing Director of IMF, Kristalina Georgieva, said to “buckle up” for the future of crypto, CBDCs, and digital currencies. Even though she spoke positively, she noted that many have misused and abused flexibilities it offers for laws violations. Georgieva elaborated that these currencies must compliment existing financial laws and documents, whilst facilitating cheap, secure, and trusteable transactions.
Realizing the need for embracement of a single, comprehensive protocol, many have started experimenting on different blockchains. Although this has proved components of the new financial system, a single, scaling and immutable blockchain is still missing in most of the designs. Bitcoin Satoshi Vision (BSV) blockchain covers off all criteria in terms of scalability, cost-effectiveness, security and audiability, forming an inviolable gateway for all financial technologies all across the world.
Also, the most lucrative build of BSV happens to be its token recovery capability, swiftly recovering digital assets, CBDCs and digital currencies in case of digital heists, scam or any other security breach. But all of these capabilities cannot be come into affect without assigning a single stable protocol so that all parts of the internet can remain digitally interconnected.
It is enthralling to see prominent players in the financial industry focuses onto embracing a financially prospersome future, though none of these efforts connect back without the need of a single, a single reliable blockchain like BSV blockchain that makes the whole revolution needed for token functionality replenished.
