Some considerations about the cryptographic world.

The operations currently performed as the so-called online payments or electronically, used by public and private banking as it is currently known, use data that run through networks that have been intercepted on several occasions by hackers, bringing as consequences loss to the financial system and discomfort to bank users..

The new ways of making economic and financial transactions such as paying, buying or using money are changing at an accelerated pace. The world plays an outstanding role, as each nation tries to impose its own rules of the commercial game, generating variations in the global economic system.

Currently, the trend that is gaining momentum to make these payments and exchange of goods or services are the so-called cryptocurrencies, which are a means of electronic payment, its promoter was the Japanese Satoshi Nakamoto at the end of the last decade with Bitcoin, highlighting that if cryptocurrencies maintain that volume of marketing we can say that in the next few years they will displace the paper money or metal that we currently know.

If we look at the world panorama, some nations in Europe and Asia are already in the process of developing their economies entirely with electronic money, i.e., they will not depend on cash in the very short term. Hence the importance for countries to adopt the new payment method or the new international currency.

In the case of cryptocurrencies, in addition to the trust offered by Blockchain technology, the most relevant particularity is the speed at which operations can be carried out, since there are no intermediaries, transferring money to any part of the world is very fast and in a few minutes.

Cryptocurrencies have been part of the evolution of money and will remain for history, with these digital currencies can make purchases as with the current money, however, cryptocurrencies have a variety of services that make them more attractive to consumers.

However, it is normal that many people nowadays are no longer distrustful and want to venture into the world of cryptocurrencies. And they are certainly right, since it has become common to get news about hacker attacks on traditional banking systems, organizations and even private security systems, damaging databases, stealing money, deleting and publishing users' personal information.

In this case, cryptocurrencies are presented as a great business opportunity being synonymous with the future, transformation, innovation and progress. Technologies such as Blockchain make them more secure, and therefore very popular today.

We can say that if there were a technological park of last generation where all economic and financial transactions were charged and paid with cryptocurrencies this world would be lost from sight , however there are already significant advances little by little it consolidates more.

On the other hand if we use cryptocurrencies as a mechanism for payments of goods and services to be accompanied by payments equally with cryptocurrencies for wages and salaries.

I hope you like my article and I would appreciate all your comments.

1.- National Constituent Assembly (2018) Constituent Decree. Available online:http://www.traviesoevans.com/memos/2018-04-09-6370-extraordinario-Decreto-Criptomoneda.pdf.

2- Criptotendencia(2017).https://criptotendencia.com/2017/12/30/parte-v-historia-del-dinero-desde-el-trueque-hasta-las-criptomonedas/.

3.- Infante, A (2019). Hyperinflation on the prowl again for cash. Available online: https://www.panorama.com.ve/politicayeconomia/Hiperinflacion-al-acecho-otra-vez-del-efectivo-20190103-0006.html.