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Nicholas Merten, founder of the YouTube channel DataDash said in a talk with the CEO of Transfero Swiss AG, Thiago César, that the most interesting application for cryptocurrencies is money. Not only as value storage but also for transmission. Merten and Cesar attended Blockchain Week, held March 4-8 in Hong Kong.

“The crypto money allows us to have all the main properties, if not the best main properties, of gold and precious metals. But it [also has the same properties as] the payment systems and the convenience of traditional money “

DataDash is one of the largest references in the world of cryptocurrencies, with more than 300 thousand subscribers. Initially thinking about creating a channel on data analytics, Nícholas shifted his focus to cryptocurrencies as he realized the growing demand for the subject.

He noted that a large number of subscribers in his channel is directly related to timing in relation to the market. He adds that for Latin America, the perfect timing for the cryptocurrencies is now. Merten also stressed that seeking to approach the market as a simple and explanatory language. As such, it seeks to create videos that do not require prior knowledge about the crypto market.

The importance of cryptocurrencies for the global economy

The founder of DataDash also highlights some projects he likes to cover for the possibilities they bring to society. Among them is MimbleWimble, a technology that guarantees the anonymity of transactions in the Monero network. Therefore, this application in particular is perfect for places with authoritarian regimes.

“So in the United States, it may be that they do not track many people, but I think that many citizens [in other countries] are under pressure from governments or [live in] unstable governments, in a really disastrous situation. I think it’s the best case in which [the cryptocurrencies] fit in, “he said.

Thiago César agrees and adds that few countries are good or stable for their citizens. “Yes, they can find a point of value in that, right. People often say ‘OK, but most countries are stable’. And then I say ‘No, not really!’ If you look at the examples of countries where there really should be a good or stable country for citizens, the numbers are very small. “