Transitioning from Cash to Crypto presentation_1.… · Problem: Speed of Transactions Solution:...

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Transitioning from Cash to Crypto

Transcript of Transitioning from Cash to Crypto presentation_1.… · Problem: Speed of Transactions Solution:...

Page 1: Transitioning from Cash to Crypto presentation_1.… · Problem: Speed of Transactions Solution: Second-layer solutions The Lightning Network is a "second layer" payment protocol

Transitioning from Cash to Crypto

Page 2: Transitioning from Cash to Crypto presentation_1.… · Problem: Speed of Transactions Solution: Second-layer solutions The Lightning Network is a "second layer" payment protocol

Could the Transition be possible?

More and more people are understanding Blockchain and Cryptocurrencies.

Now that Bitcoin is finally scaling there is nothing holding it back.

Since people already use their cards and phones to pay (via NFC), payments with Bitcoin won't be as difficult to them. Scanning a QR code is just as easy as using Android or Apple Pay, if not easier.

Page 3: Transitioning from Cash to Crypto presentation_1.… · Problem: Speed of Transactions Solution: Second-layer solutions The Lightning Network is a "second layer" payment protocol

What is holding us Back?

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What is holding us Back?

● Speed of transactions with Bitcoin and Ethereum

● Volatility● Government

Regulations● Educating the

People/mass adoption

Page 5: Transitioning from Cash to Crypto presentation_1.… · Problem: Speed of Transactions Solution: Second-layer solutions The Lightning Network is a "second layer" payment protocol

Problem: Speed of TransactionsSolution: Second-layer solutions

● The Lightning Network is a "second layer" payment protocol that operates on top of a blockchain (most commonly Bitcoin). It enables instant transactions between participating nodes

● Ethereums ‘Casper’ software update that will improve security and scalability on the Ethereum network.

● New consensus mechanisms and advancements in technology

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Volatility and Government Regulations

Market stabilization is and a matter of time with the evolving technology and adoption of knowledge and usage.

People are getting more Savvy and “Pump-and-Dumps” will have no chance of surviving.

The US Securities and Exchange Commission (SEC) has warned that companies using the word "Blockchain" to their names in order to get investor interest will find themselves on the watchdog's radar.

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It's a matter of educating the people about the advantages & benefits of the digital currency.

If the people are properly oriented, they will embraced digital money.And when people see the good results, they would adapt change.

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Removing Stereotypes

Page 9: Transitioning from Cash to Crypto presentation_1.… · Problem: Speed of Transactions Solution: Second-layer solutions The Lightning Network is a "second layer" payment protocol
Page 10: Transitioning from Cash to Crypto presentation_1.… · Problem: Speed of Transactions Solution: Second-layer solutions The Lightning Network is a "second layer" payment protocol

Women in Blockchain: a scarcity

Create new opportunities: As the blockchain industry is transitioning, new opportunities are emerging for women. As the industry continues to grow, positions where women often shine become more in demand, especially operations, marketing, public relations, content development, and media.

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Offer platformsIndustry events are a very public way of showing support and diversity. Event organizers and leaders can play a very important role by supporting an inclusive culture.

At d10e, I noticed female moderators to mediate all-male panels. Our emcee today is a very talented lady.

This will result in more women to feel empowered by their roles as early adopters and thought leaders, and more inclined to speak at future events.

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Focus on cryptocurrency adoption:Accepting Crypto in your Business

5-7% of all cryptocurrency users are women, making the industry a highly male-dominated one. This will change in the next 5-10 years.

As cryptocurrency investment platforms, including wallets and exchanges, continue to become less cumbersome and more user-friendly, many women that do not consider themselves technical, but financially savvy, are apt to become interested.

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6 Major Companies that Accept Cryptocurrency:

● Overstock

● Expedia

● Subway

● PayPal

● Shopify

● Microsoft

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