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Saving, investing, spending, and earning money depends on a monetary and financial structure that is in part archaic and in part increasingly politicized. Transactions can and do disappear and some financial services providers are now cutting customers off based on their personal politics.

Both the creakiness of the financial infrastructure and the growing political bias of providers portend problems, especially for those whose personal politics don’t align with those of the ruling clase who control these institutions.

The development of new money structures to transfer wealth between parties efficiently and without regards to the ideology of the participants is a critical necessity and a great opportunity for profit. This is the democratization of finance, whereby power and control shift away from essentially 20th century industrial structures controlled by the very few, to an open-source ecosystem with a plethora of diverse providers who must cater to the public, sans bias, or die.

This isn’t just about cryptocurrency and blockchain technology, this is about apps and new financial and trade technology that can reside on your handheld device. This is also about local efforts, such as local currencies and neighborhood credit unions tapping into this new architecture and simplifying the entire process. For instance, when the customer is custodian of their data, fraud and abuse are minimized AND regulations are dramatically decreased, thus reducing costs and increasing simplicity and smoothness.

The Democratization of financial services and technology that put the power in your hands and take it away from governments and mega corporations is not only essential but inevitable. Even if “outlawed”, this decentralization cannot be stopped.