Altcoins Talks - Cryptocurrency Forum
Further Discussions => Economics , Sociology & Politics => Topic started by: 0t3p0t on February 13, 2024, 06:14:02 AM
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Is cryptocurrency the future of finance in my country?
Well, to be honest, this depends on how the government see crypto's potential in the future. But based on the current status of cryptocurrency regulation here in my country I can say that we still need time and more support from the masses, merchants and local businesses for crypto to be a more future proof in terms of finance. Adoption is basically what makes crypto the future of finance no doubt about that aside from the governments fair move for this innovation.
As we can see here on this 2022 survey from Grayscale we can see positive results from American political sector to young people and minorities who participated in this event.
(https://talkimg.com/images/2024/02/13/v81Lv.png)
Source: https://www.weforum.org/agenda/2022/11/cryptocurrency-us-midterms/
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I guess it also depends on what constitutes the future of finance. I for one can't see crypto becoming a legal means to pay stuff, I doubt it will ever change even though there is a big change in the government. Maybe it will happen 50 years later, but I can't see it happening in the next 20 years. At the very least, BTC or any crypto needs to be stable in price before they will change their stance. On the other hand, I can see many people moving away from forex, etc to trade crypto, especially if they have a high-risk high-reward trading profile. Probably not a good idea to enter on top of a bull market though.
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I guess it also depends on what constitutes the future of finance. I for one can't see crypto becoming a legal means to pay stuff, I doubt it will ever change even though there is a big change in the government. Maybe it will happen 50 years later, but I can't see it happening in the next 20 years. At the very least, BTC or any crypto needs to be stable in price before they will change their stance. On the other hand, I can see many people moving away from forex, etc to trade crypto, especially if they have a high-risk high-reward trading profile. Probably not a good idea to enter on top of a bull market though.
Not bad if we are still up in the next 2-3 decades but that is quiet longer to wait but if that is what we will witness in the future then it's worth the wait. I am happy to see another El Salvador alike country one day if given a chance to live that long. 😁
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Well, My country at first doesn't seems to agree with the idea of her citizens engaging in operations with cryptocurrency. However, as time goes on, it's started getting clear to her that cryptocurrency has came to stay and doesn't have a choice than to approve it operation with some certain cautious and guidelines. Following this statistic, I guess I will be right to say cryptocurrency will get stronger with time in my country just the way it has reached this stage thus far.
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Well for some people yes while some no because it's not everyone who knows about crypto and some thinks it's a scam which they can't go into it, because they don't have the knowledge of crypto and whenever you talked to them about it, they see you as a scammer so in my country I don't think cryptocurrency is the future finance.
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Not bad if we are still up in the next 2-3 decades but that is quiet longer to wait but if that is what we will witness in the future then it's worth the wait. I am happy to see another El Salvador alike country one day if given a chance to live that long.
I mean I'm just throwing numbers, but the chance it happens sooner is small regardless. Unless younger people suddenly become abundant in the government I don't see any drastic change will happen, just like how a government process works (it is slow as hell). I can see small countries follow El Salvador's steps tbh, but that's almost impossible for a country like mine. Maybe we can run a pilot in one or two cities/islands, but it is useless if it will never be used by the whole country due to other options existing (and cheaper as of now).
Well for some people yes while some no because it's not everyone who knows about crypto and some thinks it's a scam which they can't go into it, because they don't have the knowledge of crypto and whenever you talked to them about it, they see you as a scammer so in my country I don't think cryptocurrency is the future finance.
That sounds like a knowledge problem instead of a crypto problem, wouldn't it get solved easily if people earn more about crypto? Why don't you think it won't change?
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I mean I'm just throwing numbers, but the chance it happens sooner is small regardless. Unless younger people suddenly become abundant in the government I don't see any drastic change will happen, just like how a government process works (it is slow as hell). I can see small countries follow El Salvador's steps tbh, but that's almost impossible for a country like mine. Maybe we can run a pilot in one or two cities/islands, but it is useless if it will never be used by the whole country due to other options existing (and cheaper as of now).
Yeah, same here in my country I can also see a lot of factors that will slow down adoption unless governments and the community will fully support but for me that is arguable as corrupt and anti crypto individuals will surely initiate anything that will hurt the relations between crypto enthusiasts and the regulations. But I am also thinking that corrupt politicians may support any crypto innovation as they can use it to hide their wealth. 😅✌️
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probably not in my country. when every bubble pops already, those who are holding on will still be wiped out. people will still come back to the currency that government trusts which is their is fiat currency and it is now digitized which is kind of a stablecoin.
if no merchant or business man on the streets are accepting cryptocurrencies even the top ones, we're not seeing adoption. but crypto will still be seen as investment asset especially every bull cycle, we're still be buying these tokens when another bull run is approaching.
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probably not in my country. when every bubble pops already, those who are holding on will still be wiped out. people will still come back to the currency that government trusts which is their is fiat currency and it is now digitized which is kind of a stablecoin.
if no merchant or business man on the streets are accepting cryptocurrencies even the top ones, we're not seeing adoption. but crypto will still be seen as investment asset especially every bull cycle, we're still be buying these tokens when another bull run is approaching.
Yeah I can also see that happening as of the moment wherein banks and local wallets make it more convenient and accessible for an average person to use services that offers digitation of fiat currency. Though I consider this as a good combination along with cryptocurrency because most of us treat crypto as an investment while fiat for our daily transactions without being worried about high fees that sometimes hinder crypto as a form of payment.
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Until the government itself declares that cryptocurrency is legal and the future of finance, either it is the mass or the merchants, they can't push it on the government. The government just put a ban on all crypto and tagged those people as criminals for using cryptocurrency. That's how the power is and they often misuse it. Although it could vary from place to place. But this is the current situation where it currently resides. You can't speak up to the power because it will shut you down instantly.
Our government often follows what others are doing. Maybe one day when it is accepted all over the world, then here it will also get accepted. But I won't be surprise to see if my country is the last one to accept it in the end.
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I probably won't say what you were expecting me to say. In today's world, no state will allow classic cryptocurrency to be the basis of its financial system. There's a lot of realistic "no to cryptocurrencies." From simple "mathematical" inconsistencies in the financial system of the state (for example - additional issue of money), to the problem that the state and power - a centralized system.
Therefore, until the invention of the emission-free economy, and a state system with a non-centralized system of government, classical cryptocurrencies (decentralized and emission-free) will not be able to replace the classical system.
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Therefore, until the invention of the emission-free economy, and a state system with a non-centralized system of government, classical cryptocurrencies (decentralized and emission-free) will not be able to replace the classical system.
Yeah and I see centralized and decentralized currency a good combination and should be used along with each other depending on purpose. Just like El Salvador we can see the balance of the two system being used in there and are perfectly working fine together to bring economic growth to that country.
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Therefore, until the invention of the emission-free economy, and a state system with a non-centralized system of government, classical cryptocurrencies (decentralized and emission-free) will not be able to replace the classical system.
Yeah and I see centralized and decentralized currency a good combination and should be used along with each other depending on purpose. Just like El Salvador we can see the balance of the two system being used in there and are perfectly working fine together to bring economic growth to that country.
Yes, the option of compromise solutions, or the use of cryptocurrencies in certain segments, is an ideal solution.
At the moment, I remain a supporter of the model when cryptocurrencies are recognized as assets that can be dealt with like shares on the stock exchange. The key advantage in this case will be the ability of the general public to access a new market to receive additional income, invest and increase their savings.
Plus, for countries where the banking system does not charge very adequate fees for its services, cryptocurrency can become an alternative for banking services.
But... cryptocurrencies as a classic means of payment for daily use are a dubious option for me
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Therefore, until the invention of the emission-free economy, and a state system with a non-centralized system of government, classical cryptocurrencies (decentralized and emission-free) will not be able to replace the classical system.
Yeah and I see centralized and decentralized currency a good combination and should be used along with each other depending on purpose. Just like El Salvador we can see the balance of the two system being used in there and are perfectly working fine together to bring economic growth to that country.
Yes, the option of compromise solutions, or the use of cryptocurrencies in certain segments, is an ideal solution.
At the moment, I remain a supporter of the model when cryptocurrencies are recognized as assets that can be dealt with like shares on the stock exchange. The key advantage in this case will be the ability of the general public to access a new market to receive additional income, invest and increase their savings.
Plus, for countries where the banking system does not charge very adequate fees for its services, cryptocurrency can become an alternative for banking services.
But... cryptocurrencies as a classic means of payment for daily use are a dubious option for me
Given that banks offers lowest percentage of interests per annum cryptocurrency really is the best choice of alternative for many but of course only for those who have knowledge about cryptocurrency investments. I can also see some non-crypto investors will jump-in due to the large potential of crypto profit.
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Maybe this could be the new thing towards anything that the new generations want. They just want to continue and make sure that they are innovating and whatnot and that's the narrative that could lead the future in the country. It can be that and of course, we want to be transparent in everything that we do so it's a great thing that this is the future and can be monitored by anyone, like it should be, especially with the government funds.
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Fiat will still be the primary means for most countries, because the people might be too adamant to accept crypto fully, due to lack of knowledge and trust that they don't have for bitcoin. Apart from bitcoin, I don't think that any other cryptocurrency will be able to serve as the future of finance. This is because they might not survive till then, bitcoin can only be an alternative because it is not from the government, and they will not be able to control it.
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~ But based on the current status of cryptocurrency regulation here in my country I can say that we still need time and more support from the masses, merchants and local businesses for crypto to be a more future proof in terms of finance.
It's not just about regulation. Low support from local merchants is also due to crypto's volatility. Yes, there are already businesses that accepts major coins but I'm willing to bet that most of what they receive are quickly converted to stable coins or fiats. Since they cannot use BTC or ETH to purchase goods/items for resupply, they will be forced to convert into something that's widely acceptable by most vendors.
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~ But based on the current status of cryptocurrency regulation here in my country I can say that we still need time and more support from the masses, merchants and local businesses for crypto to be a more future proof in terms of finance.
It's not just about regulation. Low support from local merchants is also due to crypto's volatility. Yes, there are already businesses that accepts major coins but I'm willing to bet that most of what they receive are quickly converted to stable coins or fiats. Since they cannot use BTC or ETH to purchase goods/items for resupply, they will be forced to convert into something that's widely acceptable by most vendors.
Yeah exactly. Local wallets used by most merchants automatically convert Bitcoin into our local fiat currency that is why it is what they prefer as it is safe from volatility. I also observed that these local businesses see it a tricky payment system as well since it maybe be new to them and their crews the reason why I see slight decline on support of Bitcoin payment. Foreigners are the regular costumers of these shops but yeah bull run is coming so maybe that is also one of the reason why hodlers don't bother using their Bitcoins as payment.
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I also observed that these local businesses see it a tricky payment system as well since it maybe be new to them and their crews the reason why I see slight decline on support of Bitcoin payment. Foreigners are the regular costumers of these shops but yeah bull run is coming so maybe that is also one of the reason why hodlers don't bother using their Bitcoins as payment.
I honestly don't see it as a problem. I don't think a holder would regularly spend their holdings to pay monthly bills to begin with. I don't know if it is because I never considered BTC suitable for day-to-day payment or because I regularly use BTC to pay for stuff online. If anything, I think the latter growth is quite good. More and more services that I regularly use have started accepting BTC as a payment method recently, with Lightning also available to some extent. I'm sure this will happen regularly in the future, as long as the network is strong and people know more about crypto.
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I also observed that these local businesses see it a tricky payment system as well since it maybe be new to them and their crews the reason why I see slight decline on support of Bitcoin payment. Foreigners are the regular costumers of these shops but yeah bull run is coming so maybe that is also one of the reason why hodlers don't bother using their Bitcoins as payment.
I honestly don't see it as a problem. I don't think a holder would regularly spend their holdings to pay monthly bills to begin with. I don't know if it is because I never considered BTC suitable for day-to-day payment or because I regularly use BTC to pay for stuff online. If anything, I think the latter growth is quite good. More and more services that I regularly use have started accepting BTC as a payment method recently, with Lightning also available to some extent. I'm sure this will happen regularly in the future, as long as the network is strong and people know more about crypto.
Well yeah they are using Lightning Network as well I mean the local businesses themselves. And hopefully soon we can see locally that numbers of merchants will have a significant level of increase nationwide. More people will see Bitcoin in these businesses will result in more people who will get curious about it and that is how mass adoption will begin.
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Fiat will still be the primary means for most countries, because the people might be too adamant to accept crypto fully, due to lack of knowledge and trust that they don't have for bitcoin. Apart from bitcoin, I don't think that any other cryptocurrency will be able to serve as the future of finance. This is because they might not survive till then, bitcoin can only be an alternative because it is not from the government, and they will not be able to control it.
However, fiat will remain the main guide in almost all countries, because absorption is still very much done and cannot be ignored because traditional markets will always use fiat for every transaction, and it is impossible to replace it at any time, as long as there is no modernization taking place, but it seems impossible to change it because this is already a trend that cannot be separated from any development.
You are right that the crypto which is very good is Bitcoin and can be used, but the problem is that there is no ability whatsoever to control it because it moves freely, apart from there being regulations from the government to make those rules.
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Fiat will still be the primary means for most countries, because the people might be too adamant to accept crypto fully, due to lack of knowledge and trust that they don't have for bitcoin. Apart from bitcoin, I don't think that any other cryptocurrency will be able to serve as the future of finance. This is because they might not survive till then, bitcoin can only be an alternative because it is not from the government, and they will not be able to control it.
However, fiat will remain the main guide in almost all countries, because absorption is still very much done and cannot be ignored because traditional markets will always use fiat for every transaction, and it is impossible to replace it at any time, as long as there is no modernization taking place, but it seems impossible to change it because this is already a trend that cannot be separated from any development.
You are right that the crypto which is very good is Bitcoin and can be used, but the problem is that there is no ability whatsoever to control it because it moves freely, apart from there being regulations from the government to make those rules.
Yeah and fiat is what the people are familiar of and majority or even all of us are using it for our daily transactions even today and what is interesting is that they are operating electronically nowadays and to be honest people are used to it more than crypto especially here in my country. Crypto on the otherhand is treated to be more of an investment rather than just a payment system so I think these two systems will work alongside each other perfectly in a specific country.
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Crypto currency has been used internationally and locally to transact. In my country, cryptocurrency has been accepted by the government and I think it will the future of finance, because most platforms and companies pay in cryptocurrency, and it promote the use of cryptocurrency within the country.
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Observing what is happening on the cryptocurrency market and global changes associated with the perception of cryptocurrencies (at least Bitcoin), I get the following picture:
- Bitcoin will not replace the fiat system. There are a huge number of reasons for this, and the first of them is the very concept of the structure of the state and the financial system of the state.
- Bitcoin can claim the status of a mechanism for assessing the value of major assets, such as gold, and the world economy as a whole. For this, Bitcoin has a lot of advantages - limited emission, inability to influence/manipulate (if accepted as a mechanism for assessing the global economy), good acceptance in the world.
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US crypto? Bullish here, OP. Adoption's skyrocketing, but regulations are still being hammered out. Feels like it could be a game-changer, but some folks worry it's a bubble. Either way, it's a hot topic.
Plus, now there are these helpful AI tools to maintain your crypto portfolio and help with analysis and strategy. The possibilities are endless and it’s surely exciting times! I’d also recommend you DYOR.
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~ but some folks worry it's a bubble.
These folks must have came out from the cave recently or just woke up from a long slumber. Bitcoin is a bubble, along with bitcoin is not backed up by anything, is already an ancient criticism. People have been saying that even before El Salvador made BTC their legal tender and before Michael Saylor.
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Fiat will still be the primary means for most countries, because the people might be too adamant to accept crypto fully, due to lack of knowledge and trust that they don't have for bitcoin. Apart from bitcoin, I don't think that any other cryptocurrency will be able to serve as the future of finance. This is because they might not survive till then, bitcoin can only be an alternative because it is not from the government, and they will not be able to control it.
However, fiat will remain the main guide in almost all countries, because absorption is still very much done and cannot be ignored because traditional markets will always use fiat for every transaction, and it is impossible to replace it at any time, as long as there is no modernization taking place, but it seems impossible to change it because this is already a trend that cannot be separated from any development.
You are right that the crypto which is very good is Bitcoin and can be used, but the problem is that there is no ability whatsoever to control it because it moves freely, apart from there being regulations from the government to make those rules.
Yeah and fiat is what the people are familiar of and majority or even all of us are using it for our daily transactions even today and what is interesting is that they are operating electronically nowadays and to be honest people are used to it more than crypto especially here in my country. Crypto on the otherhand is treated to be more of an investment rather than just a payment system so I think these two systems will work alongside each other perfectly in a specific country.
We cannot avoid the fact that technological advances have penetrated and greatly influenced almost all sectors. But it will also be difficult for us to avoid the use of fiat, which has become a culture and has long been known and used as a transaction tool, and it is clearly not easy to change it. You are right in saying that even now there have been changes to electronic transactions, but they are not and are not yet familiar with applying to crypto, which may not be as simple as fiat at the moment.
Agree, that people are actually implementing crypto as an investment and not yet fully using it as a transaction tool, even though there are several countries that have implemented it, there are still many more that have not implemented it. But one day they will need each other and there will be an implementation, even though it still takes time for that.
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Agree, that people are actually implementing crypto as an investment and not yet fully using it as a transaction tool, even though there are several countries that have implemented it, there are still many more that have not implemented it. But one day they will need each other and there will be an implementation, even though it still takes time for that.[/size]
I believe the volatile nature is why people would not use crypto as the primary means of payment. I've seen some business run their payment processor that accepts BTC or some specific coins only, but they allocate the majority of those earnings quickly to fiat. As bullish as they were with crypto, I don't see them viewing crypto as the primary means of payment anytime soon. At best, they will switch to stablecoins or something similar since it is practical for them. I'm fine with it, at the end of the day they will help circulate the supply and balance the market indirectly so that the value of using crypto is not lost. It is also convenient for me since I can pay for many digital services easily, even though most of them are overseas payments.
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Agree, that people are actually implementing crypto as an investment and not yet fully using it as a transaction tool, even though there are several countries that have implemented it, there are still many more that have not implemented it. But one day they will need each other and there will be an implementation, even though it still takes time for that.[/size]
I believe the volatile nature is why people would not use crypto as the primary means of payment. I've seen some business run their payment processor that accepts BTC or some specific coins only, but they allocate the majority of those earnings quickly to fiat. As bullish as they were with crypto, I don't see them viewing crypto as the primary means of payment anytime soon. At best, they will switch to stablecoins or something similar since it is practical for them. I'm fine with it, at the end of the day they will help circulate the supply and balance the market indirectly so that the value of using crypto is not lost. It is also convenient for me since I can pay for many digital services easily, even though most of them are overseas payments.
Yeah exactly. Here in my country especially in Bitcoin Island they are using such kind of Lightning Network supported wallet that automatically converts Bitcoin into the local fiat currency which for me quiet good for a business as it cannot be affected by volatity. The only problem of this is that most holders don't prefer to pay for Bitcoin given that most of us treat Bitcoin as an investment rather than being a form of payment
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Yeah exactly. Here in my country especially in Bitcoin Island they are using such kind of Lightning Network supported wallet that automatically converts Bitcoin into the local fiat currency which for me quiet good for a business as it cannot be affected by volatity. The only problem of this is that most holders don't prefer to pay for Bitcoin given that most of us treat Bitcoin as an investment rather than being a form of payment
If there are such facilities in your country, it will certainly be very helpful, just like ATMs in general.
Because the aim is to be able to exchange it directly for money, which is a legal means of payment.
Each country will certainly implement it differently, but as long as there are no difficulties in exchanging it, it is something worth appreciating.
I also think, like you, that Bitcoin is mostly only used as an investment tool for those who have been holding it.
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It will be hard to see crypto as the primary means of payment anytime soon. As you are earning btc and converting it to fiat instantly. After all, they will switch to stablecoins because it is practical for them. But at the end of the day indirectly they will help balance the market so that the value of crypto usage is not lost. Cryptocurrency will be considered as a good part of the money of many countries in the future. So cryptocurrency has the best potential if businesses and governments can work together with its trust and support.
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It will be hard to see crypto as the primary means of payment anytime soon.
We may not even witness it in our lifetime, or maybe at the end of our lifetime, but it is not something that we should hold in expectation of happening soonest. You are still one of the early pioneers of cryptocurrency, even though you just joined, because we are witnessing the early stages of its development and growth into something bigger. Before cryptocurrency can be the future of finance, it has to gain acceptance and then adoption. We are still at the level where it has to gain acceptance.
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We may not even witness it in our lifetime, or maybe at the end of our lifetime, but it is not something that we should hold in expectation of happening soonest.
especially if your country is not one of the most advanced when it comes to finance and technology a lot of third world countries do not have much awareness or opinion about crypto so it would still take a long time
You are still one of the early pioneers of cryptocurrency, even though you just joined, because we are witnessing the early stages of its development and growth into something bigger.
many people might think that crypto has already reached its peak development but there are still many things to do and some countries have a lot to catch up on so when cryptocurrency is spread all around the world, you can definitely say you were here when it was first starting out
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Crypto plays a significant role in finance in my country. It helps make remittance services cheaper and faster and also serves as a means of investment. However, I don't see it fully replacing traditional finance in my country. Instead, it can contribute to creating a more diverse and digital financial ecosystem.
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Crypto plays a significant role in finance in my country. It helps make remittance services cheaper and faster and also serves as a means of investment. However, I don't see it fully replacing traditional finance in my country. Instead, it can contribute to creating a more diverse and digital financial ecosystem.
Agree. Cryptocurrency is still not a big thing here in our country because majority are still in the traditional way of investments and banking but the thing is that remittances that you have mentioned helps the economy in a small percentage but atleast it contributes growth. It still needs more time for it to become mature and fully adopted by the masses but it actually is doing great even though it has been involved in illegal activities in the country that involves foreign scammers and other syndicates.
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I think it will never become a currency, because the government believes more in their fiat even though it is worthless in the world's currency $, moreover, crypto has many types so none of them can be verified as a currency in one country, especially if that country has great power in the world
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Crypto plays a significant role in finance in my country. It helps make remittance services cheaper and faster and also serves as a means of investment. However, I don't see it fully replacing traditional finance in my country. Instead, it can contribute to creating a more diverse and digital financial ecosystem.
I also think cryptocurrency can greatly improve finance in any country. It makes sending and receiving money cheaper and faster and people can also invest in it. But I do not think it will completely replace traditional financial system. Except this I believe cryptocurrency and traditional finance can work together to create better and more better financial system.
With using digital currencies any country can bring new ideas help more people access financial services and can give more options. System that combines good things about traditional finance and cryptocurrency can make financial system stronger and more stable.
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I have to disappoint everyone... Cryptocurrency, in the form of a decentralized financial system, will never be the financial system of the STATE.
The problem is the structure of the STATE. I emphasize the word STATE for a reason, because it is a purely CENTRALIZED system. That's the main reason. The second reason, probably more important, is that money management allows you to keep power in the country.
Therefore, the short conclusion is that if there is a state, as it is understood today, there will be no decentralized financial system !
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I have to disappoint everyone... Cryptocurrency, in the form of a decentralized financial system, will never be the financial system of the STATE.
The problem is the structure of the STATE. I emphasize the word STATE for a reason, because it is a purely CENTRALIZED system. That's the main reason. The second reason, probably more important, is that money management allows you to keep power in the country.
Therefore, the short conclusion is that if there is a state, as it is understood today, there will be no decentralized financial system !
Correct! The government does not allow that to happen it is because they want full control of our assets and properties. Decentralized financial system only works for few privacy concerned citizens like us and the government doesn't care about our legacy and principles because we are just minority and our system still has loopholes, I don't know if that was the proper term for that but yeah this is the reason why criminals love crypto.
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Well, My country at first doesn't seems to agree with the idea of her citizens engaging in operations with cryptocurrency. However, as time goes on, it's started getting clear to her that cryptocurrency has came to stay and doesn't have a choice than to approve it operation with some certain cautious and guidelines. Following this statistic, I guess I will be right to say cryptocurrency will get stronger with time in my country just the way it has reached this stage thus far.
No matter how hard the government fights to stop the use of crypto currency the more unstoppable it becomes, take a look at how airdrops has made a lot of people interested in crypto currency, Blockchains are now recording high amount of users on a daily basis, this is indeed the currency of the future. Just like you said it can only get stronger with time because it has a global influence
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We can t pretend to say we don't know the way of how bitcoin in cryptocurrency has been made a mainstream of making payment in some region all over the world, not to talk about it global acceptability, adoption as a legal tender and the individual use where necessary and applicable, very soon we are getting there, whereby bitcoin will be more recognized than before and be the most acceptable means of payments.
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Yes, the future of crypto depends on how the government handles it, and whether more people and businesses get on board. Right now, the regulation in most countries might be slow though and until more merchants and the general public supports it, crypto can not fully take over as the future of finance. Adoption is the only key and while some countries, like the U.S., are showing progress, others still need time to catch up. So, it is not guaranteed yet but with more support and fair regulation, crypto could definitely have a bigger role to play in the nearest future.