The Kinetik-Money Society
For generations, financial institutions and governments have printed tons of money and issued debt in order to “stimulate” their economy. This is because they’d rather fix the lack of economic social activity this way instead of innovating.
But how do we innovate money and money finance themselves?
Well, there is a way to issue a more technological software-based money, which could be autonomous, meaning it has no central controller, which means that it is uncorrelated with other financial assets and moves freely.
Yes, we are talking about digital currencies.
Digital currencies have outperformed every major stock, bond, commodity, and other assets in all markets. Yes, it comes with risks and fluctuations, but that is true for every nascent market, especially those that have immense potential. And indeed, distributed ledger technology, the underlying tech of digital currencies, has unparalleled potential.
Besides, if a particular project and its ecosystem of coins are efficient in providing decentralized financial services like loans, flash loans, trades, staking, liquidity pools, that actually outperform its fiat-based counterparts, then 2 out of 10 boomers and other older-generation individuals will see the value of digital currencies.
On the other hand, 9 out of 10 millennials do not trust banks since they have witnessed the financial crises and abominations that these banks have caused. New generations have first-hand experience seeing their parents work hard their whole lives only to see their life savings go down the drain.
Why? Because the pace of inflation for national currencies is too fast for them to keep up with the work required. Fiat money has devalued so much in a short amount of time, in the global scale 9 of 10 millennials are broke these days, we want to change this.
We should not let this continue knowing there is a real workable solution.
We at Bancambios are here to bring balance and create ecosystems where the layer of trust is based on technology. Why tech?
If we go back 25 years ago, the top 10 largest companies were oil companies. And the only sector that had surpassed that is the technology sector. Therefore, it is paramount that we build the new money economy based on tech. And that’s what we intend to do.
With a brand that people can trust, Bancambios is the platform for those generations not feeling safe transitioning their funds from a legacy branded-bank to platforms with frivolous-sounding names floating around the digital currency space that they just cannot feel to rely on.
People need a name that reminds them of sound banking, we work with the muscle memory, one that expresses the transformation our financial system needs. Users can not only trust Bancambios, but also issue and build their own economy around. Furthermore, this new ecosystem will enable Users to become their own banks, as well as allow the co-existence of various currencies.
