With 6.6 billion smartphone users around the world, digital wallets like CashApp and Paypal are scaling faster than traditional banks possibly. Global digital wallet users are predicted to increase by about 8% each year. By 2030, it going to be a huge number of people will be using digital wallets. We are talking about 65% of the world's population is going to be using this digital wallet. Digital wallets cut out middlemen, and they could save customers and merchants a total of 50 billion dollars in cost.
It looks like global liquidity markets bottomed in November. Ever since we have seen central banks ramping us spending. The Chinese central banks injecting 92 billion dollars into the market just on Friday. The federal reserve has been kind of doing a bit of tightening but maybe that is not actually the most important story right now. The most important story is what is happening in China and the money they are pumping into the markets because of global liquidity if indeed just the bottom does stay at November then we could be on an upward trend here money starts flooding back into the market.