Business utility and long term success in Cardano

Welcome everyone I wanted to do a quick
video a follow-up to the AMA just some
of the thoughts that I had I’m gonna
probably do a couple of these videos and
some of the things that I learned it was
a great experience thanks to everyone
for submitting reddit questions I think
that the AMA went very well one of the
things that I learned or one of the
things that I took I mean I learn
something new every time I hear Charles
speak but one of the things that’s
reassuring is during these bearish times
it’s important to understand exactly the
use cases for the utility behind crypto
a lot of these crypto projects out there
are aiming to replace the current
monetary system which is fine but it’s
cryptocurrencies that are actually I
think targeting small medium and large
enterprises or financial institutions
businesses in general that have the
greatest chance to succeed long term
Charles was mentioning bit pay and that
whole dream of being able to purchase
anything with crypto and while that may
be true in the future it’s not it’s not
sustainable it’s not the moon vision
that I have for cryptocurrency because
at the end of the day there are certain
payment rails that exist as of today
that are more convenient than
cryptocurrency and pretty much work
better if I go to Walmart or if I go to
the grocery store and purchase groceries
or purchase you know household items I
can use cash I can use credit card I can
use Samsung pay I can use Apple pay
there are lots of different options out
there that are far more convenient the
transaction speed the the time that it
takes to settle the recourse of being
able to get your money back and just the
speed and the the less
volatility as well you know who wants to
go to the grocery store and Bitcoin tank
20% and then all of a sudden you can buy
20% less of groceries and I don’t think
that volatility for Bitcoin is ever
going to
completely eradicate I mean there’s
always gonna be traders and hodlers and
that system is going to take place but
Charles was when he when he was
mentioning Cardanos desire to to to go after countries that
are developing in Africa and various
other places in the world it’s very
reassuring because Cardano is looking to
help the small medium and large
enterprises in these developing nations
include themselves within the financial
system of the current world if you live
in a western country or you live in an
affluent country your payment rails I
mean although your currency is probably
devaluing it’s not devaluing at the same
rate as other countries so at the end of
the day in order these countries are
looking for a payment solution or
they’re looking for a certain solution
to bring companies that are
traditionally unheard of or they can’t
exist because they can’t exist in the
current monetary system because either
they don’t have credit or they don’t
have access to a bank or it’s
impossible to verify identity or trust
these are the companies these are the
people these are the institutions that
Cardano is going after bringing the
unbanked from this area of the world and
including them in modern commerce
and I think that this is a very powerful
solution and in the long term it’s the
crypto currencies that are aiming to
revolutionize businesses and
institutions financial institutions that
are going to be around long term I mean
I’m not saying that Bitcoin is that
going to be a lot
but Bitcoin has a completely different
use case it’s more of a speculative
Hodler you know dream it’s going to a
million or it’s going to a billion I
don’t know what it is now but
that’s that’s the use case for a Bitcoin
but other crypto projects they’re going
have to in order to survive they’re
going to have to present their use case
and the use case for using crypto to buy
groceries I don’t know if it’s ever
going to be imagined in the way that
people think I think a small subset of
society will live on these these areas
but at the end of the day it’s going to
be about what is it going to do on the
back end
how is it going to help businesses how
is it going to help people transform
their lives transform their businesses
and include them in within the new
financial stack of the new world so let
me know what you think what what did you
take out of the AMA what are some AHA
moments that you had please like comment
and subscribe thank you and until the
next video

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