Tokenized currencies will dominate global payments in the coming years

The Bitcoin network has reportedly handled over $110.8 trillion since its creation. When compared to payment networks like Visa, it gets really interesting how a new "non-regulated" technology could have accounted for such volume within 14 years.

I can't quite put my hand on the full report on Visa transaction value since 2009, but it reportedly processed $11.3 trillion in 2020, $13.0 trillion in 2021 and $14.1 trillion in 2022. If we roughly use $10 trillion as the yearly average, that would give us $140 in the last 14 years. How challenging, right?

Of course, these are raw figures but $110.8 trillion is already quite impressive and to think it did that whilst stupidly being slow, lmao, 10 mins bro? Again, someone's boyfriend should have already nutted 8 minutes earlier.

But what can I say, that's what happens when a system offers the privacy and control that people so desperately seek.

Note that we are not looking at transactions that qualified as payments, that was estimated to be $8.6 trillion, we are however looking at the total value of all transactions the network has confirmed and added to its immutable chain of blocks.

The purpose of the transaction is really not our concern, the fact that it did happen is what we care about.

Bitcoin has set many standards

The first network to be outside the government's control.

First successful financial network with its currency independent of global finance laws.

The first decentralized network.

The most appreciated asset in history.

The first decentralized finance network to process over $100 trillion in transaction volume.

And lots more.

The truth at this point is too evident to be ignored, but it can surely be frowned upon. The finance ecosystem is changing, money is changing, how we perceive value is changing, human wants and needs are changing, demand is shifting, crypto is growing its footprints, and Fintech without crypto is under pressure that may lead to a fall in revenue and users.

Companies like PayPal understand this, and Visa and MasterCard understand this. JP Morgan understands this. Everybody who's heard of this technology understands what potential impacts it will make in coming years, ones far bigger than what is already being observed.

Tokenization as the new business model

Citi Bank forecasts $4 trillion in tokenized assets by 2030, this would mean that the cryptocurrency's entire market cap should have exceeded $10 trillion at this time, about 21.74% of the current US stock market capitalization according to report.

Could these numbers be higher?

Surely it can because we are not really factoring in the fact that crypto isn't eliminated to finance. We are talking about an ecosystem that will foster multiple layers of asset derivative creation, game economies, music, art, social media, advertising, technology and so much more. We could likely experience a significant move of value from transitional business structures to cryptocurrency blockchains or protocols.

Tokenization is becoming a business model. In the history of business and technology, there has been numerous evidence that companies tend to copy and expand to scale alongside new technologies being leveraged by current competitors or newly emerged businesses.

It's always a game of advance and scale for increased growth and sustainability, or risk dying off to your cave of rigidity.

Crypto is ushering in an economy of flexibility and people will be pumped to process value through crypto networks and protocols rather than through the traditional banking system, it's only a matter of time.