If you want a more resilient, open, and trusted way to collaborate globally, create organizations, build applications, and share value, Ethereum is for you. Ethereum is the story we all write together, so come explore the amazing worlds we can create together with Ethereum. Ethereum is also extremely valuable for those who have to deal with uncertainty related to the safety, soundness, or mobility of their assets due to external forces beyond their control.
Cheaper and faster cross-border payments
Stablecoins are a new type of cryptocurrency that rely on more stable assets as their value base. Most stablecoins are pegged to the US dollar, thus maintaining their currency value. This has led to a very cheap and stable global payment system. Many of the current stablecoins are built on the Ethereum network.
Ethereum and stablecoins simplify the process of sending money overseas. It usually takes only minutes to transfer funds around the world, compared to several business days or even weeks for regular banks, and the price is a fraction of the bank's service. In addition, there are no additional fees for high-value transactions, and there are no restrictions on where or why the money can be sent.
The fastest help in times of crisis
If you’re lucky enough to live in a place where you can enjoy multiple banking options from trusted institutions, you might take for granted the financial freedom, security, and stability they provide. But for many people around the world facing political repression or economic hardship, financial institutions may not be able to provide the protection or services they need.
When residents of places like Venezuela(opens in a new tab), Cuba(opens in a new tab), Afghanistan(opens in a new tab), Nigeria(opens in a new tab), Belarus(opens in a new tab), and Ukraine(opens in a new tab) are suffering from war, economic collapse, and repression, cryptocurrencies are the fastest, and often only, way to maintain financial institutions. As these examples show, cryptocurrencies like Ethereum can enable people who are forced to live apart to participate in the global economy without hindrance. Additionally, stablecoins can provide a store of value when local currencies collapse due to hyperinflation.
Empowering Creators
In 2021 alone, artists, musicians, writers, and other creators have collectively earned an estimated $3.5 billion using Ethereum. This makes Ethereum one of the largest global platforms for creators, alongside Spotify, YouTube, and Etsy. Learn more(opens in a new tab).
Empowering Players
The recent emergence of play-to-earn games (where players actually earn rewards for playing) is changing the gaming industry. Traditionally, trading or reselling game assets for real money has often been prohibited. This forces players to use black market sites that often present security risks. Blockchain games enable in-game economies and promote such behavior in a trustworthy way.
In addition, players are able to exchange in-game tokens for real money and are tangibly incentivized for playing games.
