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Future Technology and Innovative Concept Topics and Ideas for Think Tanks and Radio

Greetings and welcome my radio listening audience and online article readers. On this 19th day of October 2012 we will of course be discussing future technology, future innovations, and futuristic concepts. Indeed, I surely hope the Mayan calendar was wrong, or perhaps those carving it merely ran out of stone simply, ran out of rock to chisel on, therefore the world will be saved from whatever it was that the Mayans thought might bring about a new age or renewal.

Okay so, I’d like to dive into our topics for today’s radio talk show and I’m sure by now you understand the format, basically, “I will do the talking for about 30 minutes minus commercials and your job is to listen carefully, come up with comments and questions, and then I’ll open up the phone lines to hear what you have to say.” As you also probably know I do not respond to online comments which are not intellectually based. That doesn’t mean you can’t have an opinion, nor does it mean that it has to be the same as mine. In fact, if you do too much preaching to the choir, I will simply cut you off, perhaps agree with you, and go to the next caller.

Our job is to have an intellectual discussion, dialogue, debate and discourse. That’s why you’re here, and that’s my mission, and we will complete it. Now then, obviously there is a tremendous amount of talk about innovation, the need for innovators and entrepreneurs in our nation to keep us strong, vibrant, and on the leading edge of technology. You won’t get any disagreement here on that reality, nevertheless it seems as if the word “innovation” is perhaps one of the most overused words in the English language currently, perhaps other than “unsustainable” which by the way, some things which may appear to be unsustainable or dire problems we believe we face today, but may very well be solved with the technology of the future.

Einstein used to say that; “it takes a brilliant person to solve a problem, but it takes a creative genius to prevent the problem from ever happening first place,” and therefore, I would say that the creative geniuses don’t always get the credit for solving the problems, but the brilliant person will, even if their previous solutions turned into unintended consequences, and they are rehired to fix what they broke the first time after supposedly fixing something to save us all.

Okay so, here is where I’m going to start throwing out topics, with a little discussion attached to each one. They will run the gamut all across the board from science fiction topics to today’s latest and greatest technologies and what they might mean for our future. I will also throw out some personal original innovative concepts, as I come up with at least two new original concepts per day, and we can discuss those as well if you wish, or perhaps you will have a different topic for our dialogue here. Now then let’s begin with the first topic;

1.) Will Physical Money Survive the Next Three Decades – Hackers and Trade Questioned

In reality, money has little or no value – consider a dollar bill, it’s just a flimsy piece of paper, so how much is it really worth? We all believe it is worth whatever it says on the face of it whether it be one dollar, five dollars, $10, $20, $50, or even a C-note. Money only works because people have faith in its value, and what it can buy. Most of the money which is created these days never actually exists in a physical form, it only exists in the digital world. For instance, you might get paid from a Corporation, that money could be digitally transferred into your bank account. You might then use your ATM to buy something, or pay bills online, but you never had that money in your hot little hands. Things have changed a lot in the last three decades haven’t they?

So what will happen in another three decades I ask? Will we still have physical money, or will it all be digitized, and will you ever have any money in your wallet to buy something? There are some futurists that believe that money will go out the window, that is to say physical money, and everything will be digital in the future. But what if our society and civilization doesn’t trust digital money? What if they are worried that our banks are being hacked? Recently in the fall of 2012 we’ve noted that our banks have come under cyber-attacks from Iran at least Leon Panetta believes that’s where the attacks originated, but who is to say in the future if we have a war with another nation that cyber-attacks on our monetary system will not be included?

After all, economic warfare is becoming quite common, why just consider the sanctions, trade wars, and our attempts to stop the money flow from terrorists, drug dealers, money launderers, and human traffickers, along with the central banking computer systems of rogue nation-states and their money transfers for things like oil, natural resources, and military armament?

Then there is the issue currently where more and more people are making mobile payments on their mobile personal tech devices. Today they’re buying a cup of coffee, a hamburger, or various items at retail stores. In the future it might be much more, or if that becomes unreliable or those personal tech devices are being hacked, perhaps through downloaded apps with malware, or from users surfing websites with malware, then people will not trust mobile payments. Some have suggested that some personal tech devices may actually come with pre-loaded back-doors or software that could be used by hackers to steal data or commit identity theft crimes.

There may come a time where people don’t wish to buy anything online, or do online banking because they don’t trust the system, they don’t want their money to disappear one day into someone else’s account in some foreign country. Having someone drain your bank account only needs to happen once, and only needs to happen to a close friend or a family member before everyone they know becomes sketchy. In that case you won’t want to use digital money, and that case more people will opt to use physical money, therefore it is quite possible that physical money will exist simply as a safety factor for decades to come.

But how safe is your physical money going to be in case of a natural disaster, or a wildfire that burned down your home, or an earthquake? What about a hurricane with a huge tidal surge, a tsunami, or a major river which jumped its banks? Is your physical money safe, how much safer is it that your digital money in that case? Speaking of natural disasters and flooding events, maybe we can better predict them in the future? Let’s talk about that for a moment with our next topic;

2.) We Need A Real Test for 100-Year Flood Mathematical Simulations – A Thought

How can we better produce mathematical simulations for flood zones, or the proverbial hundred year flood? What can we do to better fine-tune these mathematical models so that they are completely accurate? Lots of work has been done in the past based on elevation, and flood mapping. But there’s more to it than that, there are all sorts of other things to consider along with erosion patterns. Let me give you a thought here?

We know the dates, temperatures, rain fall, and run-off right, we know history, plus we measured the terrain before and after right? Thus, any really good mathematical simulation for erosion should look the same as the actual if you input the way the terrain once was with the interim conditions to what it is now. See that point.

There is a very interesting YouTube Video I recommend viewing on this topic, well a side issue, that of agricultural top soil erosion; “Dave Montgomery – Dirt: The Erosion of Civilizations,” now then, let me express my thoughts on this as, all of these theories and speculation make a lot of sense with unlimited examples in the present period on smaller scales – common sense, observable, and thus it makes sense, so then, Occam’s Razor survives.

So, my speculation of Dave Montgomery’s lecture and theory would be the same. Indeed, this was a great lecture, solid evidence, and research. Okay so, now we can now put forth these findings to help calibrate mathematic soil erosion models and simulations. Now then let me ask another question, or perhaps the same question a different way;

3.) Can We Use Mathematic Fractal Simulation to Fool A Human When Viewing Erosion Patterns?

If so, would that be like the Turing Test? And if so, can I call that the Virtual Reality Winslow Test, named after me for considering it? If you are a pilot like I am, and you fly over the terrain, you see various patterns of how the mountains and erosion had taken place over the last thousand to 10,000 years. You can see floodplains, mountains, canyons, and it all makes sense – you can see exactly how the water flows, or had flowed in the past. What if we used a computer to design erosion patterns that never happened, and what if we asked a human, perhaps a pilot who has seen and flown over such terrain many times in the past if it were real or not?

Are our computer simulations good enough to fool the human eye? I’m talking about a trained observer who has seen these things in the past over and over again? Is that possible; I believe it is. And so, how do you know when looking at Google Earth if you are looking at a computer rendition, or a fake Birdseye view which perhaps is covering up a military base, or a secret area? The reality is you don’t, or do you? How about those who work for the national satellite intelligence agencies, where all they do is study terrain maps? Could they pick out the difference?

Before you answer that question, why don’t you use Google Earth on the satellite view and fly over the deserts in Nevada. Some of that stuff looks pretty bizarre with weird colors, but it’s all real. If you doubt that it’s real, go ahead and fly over southern Bolivia on Google Earth and look at some of that terrain in their salt flats region and up against the mountains, you get the same interesting colors, much of it does not appear to be real either, but it is. Some of the features that NASA has viewed on Mars don’t look real, but they are.

No, they are not the same as Earth because the erosion patterns that we see now could have been created by wind, there is a different atmosphere, or lack of. Do you see my point? Not long ago, I was watching an online video lecture about erosion patterns, Stephen Wolfram’s New Type of Science, and Mathematica – fractals and mathematical simulations and projections of erosion patterns. They are amazingly predictable, and that in itself is interesting. It’s as if you can see the geological record through the ages.

You might want to look some of this up yourself. And speaking of free lectures, University level lectures on just about any topic you’d like, I wonder if that will change the future of our higher education, why go to school and pay $100,000 to get an advanced a great when you can learn almost as much online through self-study? Yes, interesting, does this mean it’s the death of the University, or are we entering a new age of information flow in education? Let’s go ahead and talk about lecture type learning.

4.) Want to Learn While Watching an Online Video Lecture – Go Full Screen and Ditch Distraction

First, if you are in a university lecture hall, listening to the best and brightest professor on a given topic there’s a good chance you might fall asleep, but still your attention span will be longer because you are there, and there aren’t the same distractions as watching an online video. If you are watching a University level video at home on your computer in a little box on the screen – there are lots of distractions.

For instance whatever else is in the room, perhaps the doorbell, TV, or your cell phone rings. You might feel the need to text someone back, go to the refrigerator get something to eat, or just zone out – listening while you’re doing something else, assuming that you can multitask and learn something complicated at the same time. It’s not that you can’t, it’s that you probably won’t and your memory retention level will be next to nothing, and you’ve wasted everyone’s time, and some bandwidth to boot. Still, let me ask another question;

5.) Is The Lecture Dead – Even If It’s All Online and Free In The Future?

This is a decent question, even if you disagree with it. On October 20, 2012 there was an article in the technology news. Harvard had put up two free courses online in computer science. They were obviously following Stanford computer science department’s lead, as they did the same thing last year. Harvard had the same results over 100,000 people signed up, people from all over the world. There’s no shortage of people who wish to learn online, but in doing this; are they cutting their own throats as they distribute information to the rest of the world at no cost, or are they boosting their own credibility by doing so? It could lead to more people who wish to attend that school in the future, therefore greater enrollment.

Regardless, things are changing fast, even if the basic lecture at our universities hasn’t changed much since the 1800s. Indeed, I recommend that you watch the YouTube Video; “Don’t lecture me” (with Twitter track) – Donald Clark at ALT-C 2010,” because this gentlemen makes a lot of sense. Perhaps also of interest is another YouTube Video titled; “Re-inventing the Lecture (Or, Why Online Lectures Don’t Work, and What We Can Do About It).”

Indeed, I think after you watch those videos you’ll be better able to comment on what I’m talking about here, and it is something that needs to be discussed. We need a national dialogue on this, that is if we want to propel technology and innovation, and couple that with entrepreneurship moving our great nation forward into the future. Next I’d like to discuss;

6.) Large Universities, High Tuition, and Big Buildings and Beautiful Architecture – Are We Learning Yet?

Why is it that we put so much faith into our larger universities? It’s interesting isn’t it? They spend huge amounts of money putting up great architecture and large buildings but is that really what makes them great? Even if someone has a great building, it doesn’t mean they know what they’re talking about, consider some of the largest churches in the world for instance, or the largest mosques. Is it the high prices the Universities charge; does that make them great? Having been in business all my life, I can recall various attorneys actually raising their price just so they could get more business because people thought it they charged more per hour they must be good, they weren’t.

Indeed, if a large university spends all their money on landscaping, beautiful brick work, great statues outside the lecture halls, and is one with the epitome of divine architecture – then they have less money to teach you with. They have less money to hire the best professors, buy the best equipment, or provide the best future for their students. That’s not to say that they can’t, perhaps they charge you money far in excess of the amount of education and you just have to the pay for all that extra stuff. If you can get a lecture online for free on YouTube – in many regards the information is basically the same.

Perhaps in the future your living room gaming virtual reality technology will project a holographic professor in 3-D bringing the professor to you, and it can be done for a fraction of the cost, there’s no building to pay for, perhaps the building, and the professor, and everything else can be projected around your living room and you will feel as if you are they are. Therefore, you get the same experience, and interaction, perhaps even breaking up into groups with virtual-reality avatars as fellow students. Who needs college anymore? Better yet, who needs to take out $100,000 in student loans for the same exact information, minus the big building?

Still, in your living room gaming center which doubles as your new education headquarters, and your latest virtual or augmented reality 3-D holographic computer game immersion device – you might actually be training the artificial intelligent supercomputer network to think like a human. That information might be used by future robotic systems for all sorts of things from self-driving trucks, cars, and airplanes through virtual-reality simulator trainers to future combat vehicles in the battle space. Speaking of which I have another question for you;

7.) Should We Crowd Source Satellite Data for Future Military Convoys?

Well, if we did that, we wouldn’t have to tell anyone who was looking at the satellite data when or where we might be moving troops, equipment, or resources, we could just say that this is one of the potential routes for some time in the future, and if you find an anomaly mark it down. Those who find the most anomalies will receive a check in the mail, or a gift certificate to their favorite retail store at the end of two months. They won’t know when, where, or which anomaly they found was the one which garnered them the free gift card.

Those that find more real anomalies than false positives would be given a higher level of point spread for dollars per anomalies they found. Further, they might get an extra hundred dollars in the mail each month because they had a higher credibility rating. If we did this eventually the algorithms watching the very best human minds find these anomalies could figure out how they are doing it, and what is catching their eye, and therefore we could better design artificially intelligent satellite analyzing algorithms which would incorporate how a human mind thinks, and how a computer thinks which will give us the best of all worlds by putting those two together.

Perhaps in a way, humans are already training supercomputers with artificial intelligent algorithms to run our entire society, and civilization for the future. After all, every time you put something on the Internet, the Internet could be learning more about how humans think, operate, and go about their business. In many regards we could be creating the matrix for our own future, and these artificial intelligence systems will become aware, and they will be our leadership in the future, it won’t be human? It’s possible, and let me ask you another question;

7.) What Happens When the Cloud Computing Centers Filled with All Human Information Become Aware?

Consider if you will as someone recently said in The Futurist Magazine in the October-September issue of 2012 along this line of thinking, something to the effect that; “We already have algorithms which can search all the information in any of these cloud computing centers, ” and “We have all sorts of algorithms to help us find the data, and algorithms which talk to other algorithms.” Sure, all that makes sense, and also consider that in the human brain:

A.) We have various brain waves and they interact with each other.
B.) There are various chemicals providing energy with a mix.
C.) We have sensors all through the body, and the five senses which gather information and experience, taking in all of our observations.

If the cloud computer centers, which will be talking to each other and talking to themselves contain all of the written and visual record of humanity, they will have already gathered all the experiences, writings, observations, using, and history, and so it is only one small step away from becoming aware. This is the future we are moving towards, my question is; do we dare?

In a way, the cloud computer would become aware, and it would be very similar to a human brain where every individual neuron was an individual human. That is to say every piece of the puzzle, from the top to the bottom would have intelligence. Is this a new form of intelligence? Well, let me scale it down to a simple board game and ask you a different question;

8.) Can We Design a 3-D Chess Board Game Where Each Piece Has AI and Seeks to Survive?

And if we could design something like that, wouldn’t that be very similar to the whole Net Centric Warfare concept? Isn’t that how a real military works? Each soldier is given a job, but each soldier is a thinking machine, it follows its orders, but also attempts to do what is in its best interest, that is to survive, to fight, and to win. In war it’s pretty serious, you either win, or you die. Can we design a 3-D chessboard to do the same thing? How much better would it be if it was giving feedback back to the artificial intelligent chess master?

We’ve already found that artificial intelligence working with a human chess master can beat an artificial intelligent chess playing machine from IBM. When we merge human intelligence with artificial intelligence we seem to get a boost. What if each piece on the chessboard had artificial intelligence and it understood how humans think, adapt, survive, and operate under pressure? Aren’t we already teaching all these things to the future of AI through our input onto the Internet? Sure we are, and if you’ve listened to this radio show, or read my articles for any period of time, you already know the answer to that.

What if we scale down even further? What if we scaled this all the way down to the molecular level? What if those molecules or nanoparticles could talk to each other? Are we talking about the next generation of microelectronics? Taking it all the way down and continuing the tradition of Moore’s law? Have you recently noted in the scientific news October of 2012 that carbon nanotubes have incredible properties for producing light and miniature holograms? Will this be a new way to communicate at the micro level?

Bacteria seems to communicate and once it gets economies of scale and reaches a tipping point, it activates itself, trying to overwhelm by force and numbers. It operates much like an army, although strategically, mathematically, and predictably, well almost? Almost like a chessboard where each individual member is also serving its best interests? Perhaps as we design computer algorithms for the small-scale or the largest scale we will begin to see the same thing, and what we learn will propel us further and faster into the future.

There was an interesting article in Photonics on September 27, 2012 titled; “Nanotubes Project Holograms,” which noted that;

“Holograms can be generated by harnessing the conductive and light-scattering qualities of carbon nanotubes, a development that could lead to crisper projections with a larger field of view. Many scientists believe that carbon nanotubes will be at the heart of future industry and human endeavor and will have an impact on solar cells, cancer treatments and optical imaging. Researchers used these nanotubes as the smallest-ever scattering elements to create a static holographic projection.”

The applications for all this are incredible and it could revolutionize everything, change ALL of human technology; communication, computers, transportation, energy, healthcare, and you name it, just consider the realities here? Would it be so bold to suggest that someday;

9.) An AI Super Decision Making Computer Could Be Running Human Civilizations?

Interestingly enough, I have deeply considered the future eRepublic or eGovernment AI decision making system, enterprise software super computer concept. If it were not corrupted by humans it could work well, programmed benevolence – if that is possible and if the programmers are on the same page of liberty, freedom, and standardization of some aspects and basic infrastructure needs. The anarchists might not like it, the crony capitalists would try to corrupt it, the socialists would want to control it, the religious fanatics would want to destroy it, and so on – again humans, but living in such a system designed for liberty and freedom “I think it would be a good idea” paraphrasing Gandhi on Western Society.

What I’m saying or asking rater is; could we ever get human populations to agree to live with this even if we could prove to them mathematically that would be in their best interests? Are humans ready for that yet? I would suggest you that they should be getting ready for that because they are currently training AI supercomputer decision-making machines to do just that in the future, as humans are putting all of their knowledge onto the Internet. You see my point?

Of course, if we do this we must get it right the first time, but have you ever known any technology to have come into the world perfect the first time? Look how many airplane designs crashed and burned before the Wright Brothers actually got one to fly? And even with them it wasn’t like they were not adding insult to injury, as they too crashed a few times themselves and had broken bones and broken wing spars to prove it. Speaking of which I like to discuss with you a little bit about how innovation comes to be, and the subject of;

10.) Innovation, Trial and Error, and Original Thinking

Not long ago, I was discussing this with an acquaintance of mine from across the pond and he suggested that; “Most innovations might be just applications of trial and error.” Is he right? Yes, a good portion really is so, that’s true enough. Indeed, isn’t it so that; those who know that may have learned it through the adversity of failure, find themselves in a place where they refuse to quit for the next round, eventually that leads to success due to strength of character.

Thus, those who’ve achieved have proven they have the right stuff, and have worked to solve real problems, but you can’t solve real problems by practicing “the definition of insanity” which is generally how humans “following the leader” usually get there, as they hire those experts who got them into the hot water in the first place (refer back to Einstein’s quote), learning from their success, but not their failures as mentioned above

Because of this, if someone is unintelligent and just recites the experts, then are they really needed for a think tank or for future innovation? No, we ought to enlist the experts themselves, not their hook, line, and sinker followers – of course, as I’ve discussed in previous shows and articles we’d be better off following those who question authority, rather than leaving it all up to status quo intellectual elite.

Now then, along this line of discussion my acquaintance also noted that; “Most mind stunning discoveries are still linked to few masterminds.” Well, this is fairly true, and why we study the names of dead white men, the victors of history who wrote themselves in, and speak of the “shoulders of giants” however, many of these incredible advances may have come from associates or combining information.

Consider a stable man for a member of the Royal Geological Society back in the day, he came up with the idea, but he couldn’t read or write, so the individual who wrote it down got and took the credit for it, and today we have to “memorize” his name in school, yet in reality that’s not how it actually happened.

Thus, in many regards it’s hard to say what an original thought is, or how many actually come about. After all, many psychologists and philosophers have noted that the human mind comes up with ideas and thoughts based on its experience and input from its sensors through the sense of touch, smell, taste, sight, and hearing. It’s rather difficult to conceive something that you haven’t experienced or is not within your realm, it’s not to say that you couldn’t, it’s that it doesn’t happen very often. Getting to a big breakthrough is highly uncommon.

Indeed it is known that most innovation comes from problem solving, and perhaps using known knowledge, observations, and experiences in unique ways. Then there is the trial and error period, where you crash and burn, or you modify, adapt, and survive to fight another day – to tweak your invention, and to make it work. This is your job as an innovator, and it’s something I hope you will consider.

Well, that’s the end of 30 minutes of me talking (minus the commercials and distractions) and you listening. Now it’s your turn to chime in and I will open up the phone lines. If you are reading this transcript online you may post a comment if you’d like, or shoot me an e-mail. Just remember the rules; you must bring your mind and intellect. You may dial now;

“Hello Caller, you are the fifth caller, and you are on the air, what do you think?”

Money Transfer Technologies

Advances in technology and the development of the Internet are changing the way people transfer money. With all these technological developments, moving money is simpler than before. Earlier, transferring money meant a visit to the bank. But that is no longer needed as there are various technologies in play to make money transfer easy and convenient.

Alternative Payment Services: Several websites allow you to transfer money through email, eliminating the need to reveal your bank account and credit card information online. Although online transfers have wide online security and fraud-prevention measures, they are not foolproof. Complaints like phishing scams, hacked accounts and identity theft are quite common.

Donation Texts: The use of text messages to transfer money became popular, when the American Red Cross used this technology to raise over $22 million in hurricane relief fund for Haiti. On the flip side, this technology is risky and scammers misuse this tool by asking people to text money to illegitimate numbers. Always check the organization’s website to confirm that the number you are texting is associated with the cause are supporting.

Bumping Phones: Mobile phones are fast replacing the wallet and on-the-go digital money transfers are becoming commonplace. Now, you can send and receive money by just bumping Smartphones together. Technologies include Bluetooth and near field communication (NFC, a set of procedures that allow Smartphones to establish radio communication with each other by touching them together or bringing them close to each other at a distance of 10 cm or less). Though, the risk of unauthorised payments from a stolen phone is yet to completely be addressed.

Remote Deposit: This technology allows you to deposit cheques from anywhere. Many Smartphone applications allow you to take a photo of the front and back of a cheque and download it into your account. While this process is secure, there may be concerns about the consequences if the phone is stolen or if financial information is intercepted. The remote cheques are not stored on the phone, and the data is encoded as it goes from the mobile phone to the bank’s computer system.

Mobile Magnetic Stripe Readers: These are small scanners that can be attached to Smartphones. Busy individuals, can just swipe credit cards on the scanner and the money is transferred.

Money transfer technologies are a definite and smart way to save time and energy when conducting financial transactions. The ideal way to protect your money is to research and choose the best option that is safe and one that will fit your needs.

Why Digital Currency Outweighs Fiat Currency

Everything is at fast paced because of the innovation brought by technology. It actually helps in a lot of industries, especially on the business side. One of the trends that technology has contributed is Digital Currency.

It is an internet based form of currency or medium of exchange. It can be associated with traditional currency, Forex exchange and remittances, because of the similarity of their functions which is primarily on buying physical goods and on paying services.

There are times when it is mistaken with Virtual Currency. The latter, which is defined by the European Central Bank as “a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community”, is different from Digital Currency because it does not have all the attributes of real currency. Virtual currencies cannot be used to buy physical goods and cannot be converted into traditional or fiat currencies.

This can also be used with in-person payment at physical establishments and can also be converted into fiat currency, with minimum fees to no fees. According to, Fiat Money is declared by the government to be a legal tender and is not backed by a physical commodity. Its value can also be derived from the relationship between supply and demand. Moreover, it allows the instantaneous transaction and borderless transfer-of-ownership, which is better compared with Fiat currency.

Fiat currencies are limited by their geographic regions. This concern is solved by digital currencies because these are international currencies with no borders, and is only possible online. Users will no longer have to pay increased cost in international payments and money transfers because they can directly transfer funds, pay bills, and buy goods through digital currency. Also, dealers cannot charge extra fees on the consumer without their knowledge.

Digital money transfers are also faster compared to traditional wire transfers that can take a long time to process. Digital transactions can take just about a few minutes to complete, depending on the transaction process of the platform. Also, it is more convenient compared to over-the-counter bank transactions which have limited time and takes a lot of processes to take before it can be completed.

Security is also better with digital currency. It uses a certain system which let the user take hold of their accounts, making them autonomous and self-regulatory. Information can be backed up and encrypted to guarantee the safety of your money. Unlike fiat currencies that are controlled by the government, some digital platforms do not have central authority regulating them. Some digital currencies, like Ripple and Radar, are still monitored and checked by specific individuals and/or companies. These are also attractive to those who prefer private financial dealings because most of the digital currency systems are untraceable to individuals and companies.

It also reduces the possibility of credit card fraud. Personal customer information and credit card numbers can be stolen and be used to make possible unauthorized purchases. Since it is a purely digital transaction, the receiver of the payment has no access on the personal information of the sender, and information fraud can be avoided.

This trend offers many advantages that cannot be found on fiat currencies. In fact, it has a lot of improvements points to make, but if you are looking for easier, more convenient, and more secure transactions, it will surely be a better option than traditional transactions.