Fintech startups are offering cryptocurrency savings accounts, advertising as an alternative to traditional banks. Users can earn interest on their crypto deposits similar to earning interest on a savings account.
Crowdsourcing has evolved in many industries, and now small businesses can also benefit from the power of it through blockchain-based smart contracts which are more affordable than traditional servers.
The concept of property and contract law are fundamental building blocks of our commercial society, but incorporating it into cryptocurrency could potentially create legal issues. While it's part of libertarian ideology, it's important to maintain the sanctity of the ledger and ensure legal issues don't arise.
Cryptocurrencies have the potential to serve as a neutral global financial system in the event of economic crisis, but their current lack of price stability prevents them from becoming the main form of value.
Banks and companies like Visa may use Bitcoin as the base layer for financial operations, while it may coexist with sovereign currencies as a reserve asset.