Mark Cuban explains why cryptocurrencies are the future, especially as the world recovers from a generational pandemic

Mark Cuban explains why cryptocurrencies are the future, especially as the world recovers from a generational pandemic

As the cryptocurrency market continues to skyrocket - hitting a $1 trillion in February to double its market capitalization in just three months - enthusiasts such as Mark Cuban are increasing calls for the world to embrace digital and decentralized money. Cryptocurrencies, the billionaire said, are the future, especially as the world recovers from once-in-a-generation pandemic. On a podcast hosted by Actor , Cuban outlined the two big reasons why he thinks the country should shift to digital currencies: The billionaire investor discussed the hurdles involving receiving and cashing stimulus checks faced by many Americans during the pandemic, whether the came via direct deposit or by mail. He also touched on the , pointing to the friction points still encountered when dealing with traditional financial institutions. "The people who needed the money the most got it to slowest," he told Lowe. "If everybody had a digital bank account, with or without digital coins, the money would just go just like that, right into your account from the Treasury, whenever there was a stimulus." The billionaire also added that transaction costs would drop significantly with digital assets. While the cost of producing pennies, nickels, and dimes, is less than their actual