Future

We think the future of cryptocurrency and tokens will be very bright and bigger than they are right now. During the first four months of 2021, the total market cap of cryptocurrency has doubled which shows that it is still in a very early adaptation phase. From our own experience, it is mostly men who are investing in it because the market is very volatile and they like the tech that's behind it. Volatility means that the prices of crypto are still moving a lot. Therefore, all people think they can quickly earn money by investing in it. The result of this is that it gains traction. Most people that invest won't sell all of their crypto and will use it in the long run. There are already lots of companies that create their own tokens to adapt to their products, such as pundix.com. They've engineered a POS terminal that allows customers to pay with cryptocurrency. XPOS charges a commission which is paid in the token PUNDIX. So by making a transaction, a small fee will be put in the coin. This increases price stability and gives the team more funds to further develop the platform.

XPOS terminal

In five years, we think that most people are still slowly adapting to cryptocurrency but it is becoming quite regular to be able to pay with crypto in stores and during online shopping. Everyone already knows what it is and how it works but fiat money will still be there, and it will be normal to pay with. A lot of coins we know now have gotten bigger while there are also some examples that died out. Some companies behind these coins and tokens even went public on the stock market. Exchange platforms are getting bigger than most banks. This is mostly because the banks refrain from accepting crypto and not going with the time. Wealth will start to be seen in another way: for example, not how many euros or fiat you have but, how much bitcoin you have.

In ten years, there will still be people who use fiat money but crypto will be more mainstream and not something "cool" to have. Companies might start paying their workers in cryptocurrency. One of the reasons to do this is because they don’t have to pay taxes. Also, the new and young workers are asking for it because they want innovation. Banks are not the same as we know them now. Most of the money used is decentralized finance and are controlled by the people, not just the government. Some governments will try to go against cryptocurrency because they don’t like the idea of giving the people more power. That means in some countries cryptocurrencies will be banned. We don’t think that will make much of a difference because VPNs are getting more used and are easier to use.