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Trending: Old-School Politicians work to implement blockchain opportunities in IoT (Internet of Things), Cryptocurrencies, DeFi, NFTs, Dapps, DAOs, etc. Mark Carney, a former governor of the Bank of England, envisions a digital framework made up of a basket of currencies referred to as a “synthetic hegemonic currency".
Many countries are rapidly advancing blockchain and crypto technologies as well as adoption of virtual assets. One example of that move is in South America. The announcement was made about the Brazilian central bank's move to institute general guidelines for the digitization of its currency. The infrastructure for Brazil's digital endeavors will be designed for cross-border transactions. According to Wikipedia , China is considered Brazil's largest trading partner. Brazil and China are members of an economic organization called , also consisting of Russia, India, and South Africa. The two countries have also signed a currency agreement that will include up to $30 billion worth of Chinese Brazilian REAL. Further, cementing this new reality, is the fact that more than 120 countries regard China as their major trading partner. That alone should allow China's digital currency to become a leading force in utilizing blockchain and digital asset technologies.
Clearly, as nations shift away from reliance on the U.S. dollar as their bedrock for economic stability, a new Global Economic reality is forming. China is in the pilot phase with over 140 million businesses and individuals signed up to use the new digital asset infrastructure.
Regarding the U.S:
America’s Financial Primacy and Survival Depends 100% on the Blockchain
More capital flowed into the crypto market in 2021 than all previous years combined. The Bitcoin market alone saw more than $1 Trillion in Q1 2021. As the world seeks to stabilize their economies, blockchain adoption is essential. America needs to act fast if she is to maintain her competitive position in developing virtual assets and blockchain technologies. As so many of the world's assets are tied to the 'Almighty' dollar via the U.S. Treasury Market, digitizing the dollar appears to be inevitable. Moreover, the U.S. is seeing a trend in Crypto related equity funds from ETF's, Retirement accounts, and payroll - to ?regulated exchanges, such as and crypto investment advisors like Makara Digital.
Regarding Russia:
Russia is moving to add the Chinese digital asset to its de-dollarized Russian Sovereign Wealth Fund according to an article published in the South China Morning Post (July 10, 2021). The Russian-China "Belt of Eternal Peace" is another major illustration of that new paradigm. Admittedly, as so many global assets continue to be tied to the U.S. dollar, digital currencies have a far way to go before dominating it. However, as the U.S. continues experiencing a boom in blockchain technological applications, the world of cryptos in still in its infancy. That's why Makara Digital's motto is "It's Not Too Late To Be Early". 2021 saw DeFi, NFT's, Metaverse and other crypto and blockchain application soar. Regarding the United Arab Emirates (UAE):Blockchain in the UAE government Published on the UAE web portal, in 2021, the UAE Government adopted blockchain technology in conducting its transactions. To aid this move, it launched the Emirates Blockchain Strategy 2021 and Dubai Blockchain Strategy. The Emirates Blockchain Strategy 2021 Click here UAE to access the UAE post. A digital trading platform created by UAE based company called DigitalSugar was established in partnership with Universal BlockchainRegarding Africa:https://fortune.com/2021/04/14/akon-city-senegal-africa-akoin-cryptocurrency/
https://www.aljazeera.com/economy/2021/10/25/nigeria-becomes-first-african-nation-to-roll-out-digital-money In a 2020 report published in Chainanalysis, according to the 'Global Crypto Adoption Index', South Africa, Kenya, and Nigeria are among the world leaders in in the crypto/blockchain space. In Nigeria alone, the government recorded peer-to-peer transaction ranging up to$10 million“Nigeria has become the first country in Africa, and one of the first in the world to introduce a digital currency to her citizens. The adoption of the central bank digital currency and its underlying technology, called blockchain, can increase Nigeria’s gross domestic product by $29 billion over the next 10 years.” President Muhammadu Buhari. When it comes to crypto trading volumes in Africa, South Africa was in fourth place with $25.8 million compared to Nigeria's $99 million in Q1 of 2021. Kenya and Ghana came in second and third at approx. $35 million and approx. $27 million, respectively. South Africa is taking a bit of a different route regarding cryptos than the rest of Africa. The South African Reserve Bank (SARB) is working with service providers conduction cross-border financial flows. SARB is monitoring these developments closely and wants to make sure fraud and corruption are mitigated.
Navigating The Crypto/Metaverse
There are solid projects, stable coins and then the scary ones, the here today and gone tomorrow ones. The vast majority of crypto investors don't have time or access to research viable crypto projects and assets. That is why the team at Makara Digital has done all the hard work and due diligence for you. Rather than invest in coins one-by-one, Makara baskets allow you to invest in dozens at the same time. As the first SEC registered robot-advisor, Makara Digital strives to place quality and client protection at the forefront. offers education on every asset offered. Clients can self-manage their accounts or simply allow Makara manage it after you fund your account ($50 minimum) via BTC, ETH, Credit/Debit Cards or Bank ACH. Makara Digital will allocate funds to the many weighted baskets of currencies that have the greatest growth potential. Click here to learn more about crypto currencies and blockchain technologies.
