Benefits of cryptocurrency for the global economy.

[Yaqoob Habib]

The benefits of cryptocurrencies for the global economy are thought to range from lower transaction fees for the online exchange of money,
to increased protection from identity theft due to the secure nature of cryptocurrencies.it is also thought that cryptocurrencies Will help break down the barriers to finance in developing nations for example, cryptocurrencies could easily be accessed via mobile phones in countries without baking infrastructure.

 

[Debola]

An added benefit of cryptocurrency use is that it's completely decentralized, so trading can be done freely across borders. The use of technology will facilitate a financial revolution that will leave everyone more financially connected, empowered and enabled.

 

[Emma Aneni]

An added benefit of cryptocurrency use is that it's completely decentralized, so trading can be done freely across borders. The use of technology will facilitate a financial revolution that will leave everyone more financially connected, empowered and enabled.

 

[Gilead]

Cryptocurrency is very crucial to nations especially developing nations that there are high rate of everything bad. Unemployment, growth rate, inflation rate and so on. Just when you thought things are beginning to look good with the availability of cryptocurrency market in my country, they just obnoxiously banned it. Well I see cryptocurrency as an essential in the development of any economy.

 

[Prettybabe]

Cryptocurrency can be traded and make money for the citizens of the country, especially now that the rate of unemployment is alarming.

Cryptocurrency is decentralized, which makes it easier for transactions to take place... And makes you feel in control.

 

[Ehizzy1]

I think crypto currency have many benefits because it mostly helps to curb the huge unemployment in the country and also helps provides job for the people that are still thriving to succeed online , it also serve as a digital currency that has been helpful in preventing the spread of the virus i think

 

[Afrinish]

An added benefit of cryptocurrency use is that it's completely decentralized, so trading can be done freely across borders. The use of technology will facilitate a financial revolution that will leave everyone more financially connected, empowered and enabled.

• A cryptocurrency, broadly defined, is currency that takes the form of tokens or “coins” and exists on a distributed and decentralized ledger.

 

[Adetayo100]

One of the few benefits of crypto currency to global economy is that since crypto is accepted by all across all countries trading is very easy, you can also shop online with bitcoins which helps global trades and world economy.

 

[Segshowee]

The benefits of cryptocurrencies for the global economy are thought to range from lower transaction fees for the online exchange of money,
to increased protection from identity theft due to the secure nature of cryptocurrencies.it is also thought that cryptocurrencies Will help break down the barriers to finance in developing nations for example, cryptocurrencies could easily be accessed via mobile phones in countries without baking infrastructure.

Digital currency benefits can not be overemphasized. Cryptocurrency if properly harness would bring an end to the barrier caused by exchange rate. It will facilitate easy trade among countries of the world.

 

[Mahnoor]

An added benefit of cryptocurrency use is that it’s completely decentralized, so trading can be done freely across borders. The use of technology will facilitate a financial revolution that will leave everyone more financially connected, empowered and enabled.
[automerge]1612978673[/automerge]
An added benefit of cryptocurrency use is that it’s completely decentralized, so trading can be done freely across borders. The use of technology will facilitate a financial revolution that will leave everyone more financially connected, empowered and enabled.

 

[Damscooguns73]

Concerning the benefits of cryptocurrency in the global economy.Well, cryptocurrency has been of help and much benefit to the economy especially in this pandemic period where people are asked to stay at home, cryptocurrency has helped in generating income from the comfort of their home and it has helped curb the rate of unemployment

 

[solomonmali]

There is already an entire industry built around cryptocurrencies and it’s held by institutions dedicated to supervising all the digital coin exchanges taking place throughout the world. The rate at which the cryptocurrency industry is growing is earth-shattering and this can be confirmed by early adopters that became rich overnight and found opportunities to grow financially. Bitcoin, the most famous of these cryptocurrencies, has already permitted many people and companies to develop and flourish, while many also rely on trading as their source of income. The economy is slowly shifting to adapt to these needs and cryptocurrencies have a great potential in satisfying them.

 

[Qasim Raza]

An added benefit of cryptocurrency use is that it's completely decentralized, so trading can be done freely across borders. The use of technology will facilitate a financial revolution that will leave everyone more financially connected, empowered and enables this is best earning website

 

[KENDRA2020]

A single currency has been what the whole world has been yawning for but it hasnt come unto realisation not untill now. Its long overdue and the invention of cryptocurrency will bring the whole world currency to one.

 

[hominchen]

Good thing is cryptocurrencies can be taken unlimited on wallets so in business it has huge possibilities that your account ban will not likely caused just like paypal or other companies occasionally do. I like cryptocurrencies.

 

[WhiteHouse]

Diminished dependence on fiat cash

With the digital upheaval we are encountering at this moment, the monetary scene will change drasticly. In any case, it stays not yet clear how bitcoin and other digital currencies, which appears as information, can supplant our present money related framework. However, shoppers have gotten more dependent on online exchanges as a more helpful intends to pay for items and administrations. Additionally, many individuals that are as of now dealing with their own digital currency wallets have full certainty that their virtual money appreciates a similar degree of security as genuine cash.

Being an unregulated cash that depends entirely on information, cryptographic money empowers unbridled admittance to a safe credit framework. Taking into account that it is steady (until further notice, in any event), it will keep on spanning individuals who are segregated with worldwide traders.

 

[Kelly5]

The cryptocurrency Advent has changed the scale in which individuals and businesses now conduct transactions all in the speed of light. No cutting through the rest tape to get things done as with the traditional banking system.

 

[Arrain1122]

An added benefit of cryptocurrency use is that it's completely decentralized, so trading can be done freely across borders. The use of technology will facilitate a financial revolution that will leave everyone more financially connected, empowered and enabled.

Lower fees – Transaction fees are lower with bitcoin than with credit cards, and when cryptocurrency is not exchanged, it also eliminates the need for bank charges.
Fraud reduction – A payment made with bitcoin cannot be reversed after the fact.

 

[Muradsultan]

Lower fees – Transaction fees are lower with bitcoin than with credit cards, and when cryptocurrency is not exchanged, it also eliminates the need for bank charges.
Fraud reduction – A payment made with bitcoin cannot be reversed after the fact.

 

[BuchiBankz]

Great Opportunities for Poorly Banked Countries

More than a third of the world population does not have access to basic banking services that can help them out in case of a personal financial crisis - loans, checking accounts and the list can go on. These people that in most cases are already financially disadvantaged typically resort to doubtful and dangerous lending practices. The interest rate of these practices is anything but fair, which consequently leads to more instability among the people who requested the loan. This is where cryptocurrencies come in with their high volatility and ease-of-use.