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Are Cryptocurrencies the Future of Impact Investing?



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Impact Investing is a branch of investing that also contemplates positive social and/or environmental impacts. It’s typically done by placing money in stocks of companies that meet certain criteria, bonds with specific purposes or social enterprises, or the sponsorship of initiatives that have similar functions. In recent years, cryptocurrencies have begun to offer new ways to invest altruistically.

Cryptocurrencies have all the potential to be truly revolutionary (something their proponents cite continually); however, the benefits for Impact Investing and other uses continue to be mostly theoretical due to how impractical they are right now. https://cryptonewstrends.com/ Up to now leaving the monopoly of the international financial system has essentially been a question of trading one group of gatekeepers for another.

Even Bitcoin still has relatively little acceptance as a form of payment — and for the others it is much lower — which means going through virtual money changers with high spreads or commissions, and at times, sketchy owners, if the cryptocurrency holder needs to use their money in the short term.

Cryptocurrencies open new platforms and possibilities, including ones that we can’t imagine or comprehend yet. Without a doubt they present more direct, transparent, and therefore more effective ways to invest with impact. For those that have the option to Impact Invest in the medium and long term, cryptocurrencies that are birthed from the same Impact principles are an interesting option that merit research and consideration.

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