If it did happen, would we be able to go back?
Oct 17, 2021
Oct 17, 2021
2 min read
A piece published by Amour Harari, Senior Software Engineer at Grip Security
Give us a test drive.
Fill out the form and we’ll get in touch with you.
It goes as follows:
Instead of asking - will it ever happen?
Here's another way to look at it: if it did happen, would we be able to go back?
Some people consider cryptocurrency to be useless energy-consuming speculation (which, to be fair, it is in some cases).
Sending money in El Salvador
Millions of Salvadorans live abroad but send money home every month. In 2020 El Salvador received nearly $6 billion in remittances, which accounted for about 23% of its GDP.
The most common method of payment is Western Union.
Transfers usually take 3-5 days, and there is a 12-30% transaction fee.
Instantly transfer money via your phone with 0% transaction fees using crypto.
Would we be able to go back?
Salvador's president is so convinced of the use of crypto that he is betting his political future on a nationwide experiment of mining bitcoin using the energy from volcanoes.
If you ask me, there is no way that they will go back to the old ways of transferring money.
Here's another example:
Companies rely on legacy tools like CASBs to protect their SaaS.
The problem with CASBs in today's modern workforce is that they are rather costly, inefficient, and incompatible with many SaaS applications.
What about the shadow SaaS applications? Shouldn't they be protected and governed?
Future (and present):
Every company is using sanctioned and unsanctioned applications. This leads to severe blind spots in the visibility and governance of SaaS applications.
Grip Security is offering a disruptive technology that offers actionable insights into many SaaS blind spots and delivers great value.
Could you ever go back?
See the original post on LinkedIn
for our latest updates and feature releases
Fill out the form and we’ll send you our Datasheet.
Fill out the form and watch webinar's video.