Near Protocol founder Illia Polosukhin has recently been singing the praises of cryptocurrencies in their effort to support his war-torn country. He believes cryptocurrencies offer key benefits over traditional fiat in similar situations by avoiding banks and conventional transfers, which may no longer be secure. Crypto donations can provide help directly to people and sit outside the reliance on financial institutions that may be under threat.
Some crypto projects also offer key benefits as a store of wealth when a country's own currency is suffering extreme rises in inflation. That's why projects like Uniglo (GLO) could also be well-placed as the future of a resilient global finance landscape.
Uniglo offers investors the strongest store of value in the crypto space, thanks to its diversified range of assets held in the groundbreaking GLO vault. With a range of investments that include NFTs, cryptos, and digital versions of gold, GLO reintroduces a gold-standard peg many fiat currencies lost long ago. This makes it completely deflationary when inflation is becoming a major global issue.
GLO also becomes more scarce over time thanks to the platform's innovative dual-burn mechanism. With GLO currently nearing the end of its first pre-sale phase, there's still time left to invest before it goes more mainstream.
Near Protocol represents a new way to create and develop experiences with blockchain technology with its secure, scalable, and simple technology. NEAR continues gaining traction and many experts believe it has a credible future in the space. That's why it could be an essential investment for your portfolio.
NEAR and GLO represent a new future for the crypto landscape and both have critical benefits over traditional finance, especially when serving countries undergoing immense struggles. That's why they could both be great investments right now.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.