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8 factors why crypto currencies are here to stay

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User numbers and investments in cryptocurrencies and blockchain projects are increasing. In the Swiss crypto valley, 800 companies with 4,000 employees are working on the digitalization of assets. The regulators are also taking up the issue. In the digital age, cryptocurrencies are the next logical stage in the development of money.

Zum zugehörigen Artikel in deutsch: https://www.it-finanzmagazin.de/8-faktoren-kryptowaehrungen-zukunft-100524/

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8 factors why crypto currencies are here to stay

  1. 1. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Think tank growth crypto valley regulation USD centric system won’t hold digital age Burning man blockchain new business cases 8 factors why crypto currencies are here to stay FinTechForum.de
  2. 2. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com The cryptocurrency volume fivefold in 2019
  3. 3. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Also the number of wallets fivefold in three years Q3 2016 9 Q3 2019 42 in million Q3 2017 17 Q3 2018 29
  4. 4. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  5. 5. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Number of crypto transactions grow slowly 350,000 BTC transactions a day 650,000 ETH transactions a day
  6. 6. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com “Users, volumes, transactions and number of apps grow continuously.” #1
  7. 7. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Crypto Valley
  8. 8. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Venture Capital Investments in Blockchain und Crypto in billion USD 2014 900 2015 1,100 2017 1,500 2013 600 Sources: cointelegraph, PitchBook, Diar 2018 2,500 2016 1,300
  9. 9. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com “The crypto valley and investments made.” #2
  10. 10. „Money is central to us. Money and all forms of transferring money are our core business.“ Burkhard Balz, Board member of Deutsche Bundesbank Source: CFS-Conference, 8th Mai 2019
  11. 11. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com One in 10 central banks said it was likely to offer digital currencies. January, 23rd 2020
  12. 12. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experience as they assess the potential cases for central bank digital currency (CBDC) in their home jurisdictions.
  13. 13. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Emerging cryptocurrencies regulations all over the world
  14. 14. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Tools for crypto- currencies mature
  15. 15. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com #3 “The crypto market becomes regulated and matures.”
  16. 16. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com America’s aggressive use of sanctions endangers the dollar’s reign
  17. 17. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Xi Jinping and Vladimir Putin said they would expand settlement of bilateral trade in their own currencies.
  18. 18. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com China, India and others may be exploring a jointly run swift alternative
  19. 19. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com The international importance of the US Dollar is declining Internationally used reserve currency US Dollar in % 1970 77.2 1980 67.2 1990 62.8 2000 70.5 2010 61.8 2018 61.7 Sources: BIZ, IWF, ECB
  20. 20. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Elvira Nabiullina, Governor Russia’s Central Bank “We are gradually moving towards a more multi-currency international monetary system.” Picture/Source: Bloomberg
  21. 21. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com INSTEX
  22. 22. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com The dollar-centric system “won’t hold” Mark Carney Governor of the Bank of England
  23. 23. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com “Global financial system moves from USD centric to multicurrency.” #4
  24. 24. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Money is changing
  25. 25. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com “In the face of the digital age, cryptocurrencies are the next logical evolution of money.” #5
  26. 26. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com „The only way to ultimately save civilization will be to deprive governments of their power over money. The current instability of the market economy is a consequence of the fact that the most important regulator of the market mechanism, money, has been excluded from regulation by the market process.“ "Denationalization of money“, 1976 Friedrich August von Hayek, Nobel Prize Winner 1974
  27. 27. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  28. 28. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Foto: C. Nick Lynch
  29. 29. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.comFoto: Jamen Percy. http://instagram.com/jamenpercy
  30. 30. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  31. 31. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  32. 32. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  33. 33. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Liberland Serbia Hungary Croatia Source: Google Maps
  34. 34. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  35. 35. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com “Burning man and the desire for freedom.” #6
  36. 36. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust Trust
  37. 37. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Blockchain Public ledger Public keyPrivate key Transaction signed with private key
  38. 38. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com De-centralized Each participant has a copy of the public ledger
  39. 39. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Paper Call Center Internet 100 Cent 1 Cent Factor 10 10 Cent Factor 100 Cost of a transfer Factor 1000 Crypto 0.1 Cent
  40. 40. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Ripple ripple XRP – 3rd largest crypto currency USD 12 Bn USD market cap
  41. 41. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Payment volume: $1.8 bn Daily active: 79,309 Transactions/day: 18,700 Q3 / 2019
  42. 42. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Smart Contracts Public ledger Transaction block with condition condition Example Stocks: dividend payment www.FrankSchwabSpeaks.com
  43. 43. Source: Jaguar Data sharing Car sharing Battery charging Parking ticket
  44. 44. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com “Blockchain is a disruptive technology. And cryptocurrencies are an integral part of blockchain technology.” #7
  45. 45. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  46. 46. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  47. 47. Automated trade finance
  48. 48. Lidbot sends you alerts when your waste bin is full IOTA-based sensor Lidbot sold out after a few days
  49. 49. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com “Cryptocurrencies and blockchain enable new business cases.” #8
  50. 50. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com #1 “Users, volumes, transactions and number of apps grow continuously.” #2 “The crypto valley and investments made.” #3 “The crypto market becomes regulated and matures.” #4 “Global financial system moves from USD centric to multicurrency.” #5 “In the face of the digital age, cryptocurrencies are the next logical evolution of money.” #6 “Burning man and the desire for freedom.” #7 “Blockchain is a disruptive technology. And cryptocurrencies are an integral part of blockchain technology.” #8 “Cryptocurrencies and blockchain enable new business cases.” Summary - 8 factors why crypto currencies are here to stay Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com
  51. 51. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Frank@FrankSchwab.de www.FrankSchwabSpeaks.com
  52. 52. Frank Schwab, Co Founder FinTechForum.deFrankSchwabSpeaks.com Relevant sources & further reading Charts: CoinMarketCap.com, bitinfocharts.com Pics, 123rf.com stateofthedapps.com Wikipedia.com Crypto Valley, https://www.nzz.ch/finanzen/die-fuehrenden-unternehmen-im-crypto-valley-haben-ihren-wert- verdoppelt-ld.1504478 The Decentral Revolution, Aaron Koenig, 2019 From Bitcoin to Burning Man and beyond, Clippinger, Bollier, 2014 America’s aggressive use of sanctions endangers the dollar’s reign, The Economist, https://www.economist.com/briefing/2020/01/18/americas-aggressive-use-of-sanctions-endangers-the-dollars-reign Liberland, https://liberland.org/en/ BITNATION, https://tse.bitnation.co

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