Financial revolution on the horizon

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Excessive costs, cumbersome processes, and isolated sector solutions plague our financial system, which relies on outdated methods. Billions remain excluded from financial services, lacking even basic bank accounts. Current banking practices fail to meet the needs of many and do not address contemporary challenges, leading to inefficiency and a lack of control in society. Financial expert Yasin Sebastian Qureshi, the youngest person ever licensed to run a European bank, presents transformative solutions through digitalization, the Internet, mobile technology, and blockchain. While Bitcoin and cryptocurrencies exemplify this shift, the true revolutionary aspect lies in blockchain's underlying technology, which promotes efficiency, decentralization, and interconnectedness. Alongside Benjamin Bilski, Qureshi explores the future of finance and administrative processes, emphasizing the historical evolution of money and the current upheaval it faces. They discuss the social, economic, and political implications of these changes. As blockchain organizes various systems, it heralds a new revolution that will reshape not only finance but also other sectors. This shift promises to liberate time and resources currently wasted in inefficient systems. In the medium term, cash and traditional banks may become obsolete, paving the way for a more innovative and creative future.