A PhD student at the University of Edinburgh has won $500 after his essay on the future of cryptocurrencies won a contest held by Changelly and Cointelegraph.

Seb Hudson passionately argued that the crypto sector has a “glaring problem” because of low levels of adoption — but digital assets offer a compelling alternative to fiat currencies in countries with high inflation rates. 

He went on to predict that cryptocurrencies will be adopted most heavily in developing countries to begin with, while Western economies will follow later.

"Having keenly paid attention to crypto for the last few years, I'm simply delighted to be able to share my thoughts back to the community,” Seb Hudson said. 

Changelly wanted to provide students with a platform to express themselves — amplifying the voices of a new generation of crypto leaders.

Changelly CEO, Eric Benz, said:

"It was amazing to see so many excellent essays! I was impressed by the overall quality of the works — they were all incredibly well-written and well thought out. It was hard to choose the best one, but in the end Seb Hudson’s thorough analysis of the issues crypto has to face right now and will have to face in the future won us over. Congrats!" 

Cointelegraph’s managing editor Kristina Lucrezia Cornèr agreed, adding:

“Selecting a winner in this contest was no easy feat — but Seb’s essay was a worthy choice thanks to his fundamental, critical and creative approach in dissecting the challenges that face the sector.”

All university students were given the chance to take part in the contest. A prize of $300 was also awarded for the essay that came in second place, with a $200 prize for third place too.

Contestants were given seven essay topics to choose from — including whether it’s possible to solve the money laundering problem facing the crypto sector, the key milestones in achieving milestone adoption, and which blockchain is the most promising from a technical standpoint.

About Changelly

Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 160+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on-the-go via Changelly mobile app.

In 2020, Changelly has branched out to accommodate the needs of traders. PRO has been built as a platform focused around the needs of the customer, effectively enabling retail buying and selling of digital tokens and coins. Piggy-backing the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.

Website: changelly.com

Twitter: twitter.com/changelly_team