Benefits of cryptocurrency for the global economy.

[Victor72]

One of the benefits of cryptocurrency to the economics it will help investors to do business from far and near, example form two different countries, easy to make payments,

 

[Kelly5]

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.

You are very spot on with your surgestion you wrote there. There is also the fact that this cryptocurrency put power into the hands of the people as they become their own bank

 

[Victor001]

The benefits of crypto can't be overemphasize because it has generate subtle employment for individuals,it has also promote industrial development in the country.

 

[Mostee501]

I think there are several benefits of cryptocurrency on the global economy, ranging from easy exchange of different currencies of different countries, to safe keeping of ones finances via crypto wallets.

 

[Nomad]

Cryptocurrency is volatile in nature that's why a lot of governments around the world are very suspicious about cryptocurrencies. However, general public can benefit by investing on crypto currency

 

[Chibson]

Some countries like Nigeria and India see cryptocurrency as a threat to their economy which led to the it's ban. I think cryptocurrency have many positive aspects which many countries need to harness.

 

[Shigobad2020]

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.

The benefit of crypto currencies for the global economy is for doing online business globally without the need of travelling to see your business partner and paying online through crypto currency.

 

[Dubai]

One of the major benefits of crypto currency for the global economy is that is creates an avenue where people could become rich and reinvest in themselves. This will thereby reduce the poverty rate of the world. It could also be a means to safe guard global funds when they are all in crypto wallet. That is, theft becomes reduced to the nearest minimum.

 

[Dowenship]

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.

I realised that people drafted there attention to crypto currency during the lockdown, even though they seem not interested at first.. But the lockdown make people to focus more on it...

 

[Ralphjoe]

The most important reason why cryptocurrencies was created was to ease the exchange of goods and services and it has turned out quite alright because before now, for you to make international payment you spend a lot in fees but with the advent of cryptocurrencies such fees has been drastically reduced.

 

[Senator]

Being a decentralized type of currency, it cannot be easily manipulated by a single person alone. It enables those who are established in the business of cryptocurrency exchanges and all to also create jobs thereby reducing global unemployment rate as well

 

[Muhammad Arslan]

Bitcoin, blockchain, ICOs, ether, and exchanges are all terms used to describe cryptocurrencies. Cryptocurrencies (and their jargon) have caused quite a stir in the media, online forums, and maybe even in your dinnertime conversations, as you might have noticed.

 

[Kingsley]

There are certainly tremendous benefits that can be derived from trading in crypto currencies for the global economy, the crypto systems has ensure an equitable distribution of the wealth amongst the people in the system thereby eradicating poverty in the system.

 

[Eodine]

If only countries could come together and help uplift crypto currency as it has already gained popularity and could even help citizens who are not well to do make some money but no selfish interests would have it's way

 

[ahmedo24]

If only countries could come together and help uplift crypto currency as it has already gained popularity and could even help citizens who are not well to do make some money but no selfish interests would have it's way

It is a gradual process and it is better countries see reasons why they should key into cryptocurrencies than people encouraging them to adopt it , we can see the case of India .

 

[GIFTMICHAEL]

Crypto has lots of benefits attached to it. Those countries who is adopting it as means of improving their dying economy, or improving their economy more, will enjoy its full potential in the future.

 

[Shigobad2020]

One of the benefit of crypto currency is that it is easily decentralized which makes it easy to trade freely across border ,and it makes sending money and crypto transaction easy across country.

 

[Ltherman]

Beyond the aid of trans border transactions in multiple currency the decentralization of the platform is also a winner any day being that no one institution can lay claim on how it should work. It gives its users a stake on its governance unlike the central way of doing things.
Blockcain have really change things globally. I guess we have seen the El Salvador example

 

[Bookwormlux]

Crypto Currencies have played a very important role in helping to reduce crime rate in countries that have been battling it for years. This applies to so many countries.

 

[Alisco]

Talking about the benefits of crypto currency, crypto currency has help people globally most especially during the pandemic outbreak that people were asked to stay at home some people still making money online through crypto currency and we're able to withdraw it.