The COO of global payments platform LODE Payments International believes that with inflationary pressures on most markets, including safe havens like precious metals, people should turn to cryptocurrencies to weather the ongoing volatility.
“People need an asset that they can trust, something of value that will serve as a foundation during a crisis so that their wealth does not depreciate day after day, year after year,” Prauten said. At its core, LODE is “an initiative to bring silver and gold back into the monetary system using blockchain technology.”
Looking to the future, the expert believes that most assets will eventually be tokenized and digitized. This, he says, will allow people to manage their assets much more conveniently. “People will be much more flexible in how they store their wealth. I can have several tons of gold, tokenized real estate, wheat, corn, any number of assets, and then convert them to the currency of the Central Bank, when necessary, and use this currency for things like paying taxes, ”Nicholas voiced this point. Prouten.