Benefits of cryptocurrency for the global economy.

[Kunkun]

Since it operates on a decentralized network so it's easy to use in so many ways and places, also there would be less dependence on fiat currency among other things

 

[Ltherman]

The benefit is over flogged. For instance a look can be taken at El Salvador and the new trend they're setting in the industry or the global crypto space.
So much is going to improve in The overall economy of that country with the attraction it brings with adopting crypto that way. Bitcoin only paved the way, other currency will definitely find a use case in that country.

 

[Shigobad2020]

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.

Like you just said , one of the benefit of crypto currency is that it is completely decentralized, and its a means of global transaction in which you can send money to any where in the world using crypto currency as the means of transaction.

 

[eLdavis]

Crypto currency has had its share of help to the society, as it has helped in terms of reducing the rate of unemployment, it has created an easy to get hands on commodity where people can trade on and make profits

 

[Chibson]

Cryptocurrency has helped in so many ways such as to easily send money from one country to another within a short period of time without depending on the third party.

 

[Setfragil]

The global economy benefits of cryptocurrency are many. Cryptocurrency helps to facilitates the fast and easy transactions of payments between the buyer and the seller. It also helps prevent identity thieves from using your identity to perpetrate frauds.

 

[tyrim88]

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 introduction of cryptocurency has made it possible to carry out commerce on a global scale to become easier,and the issue of stress has been reduced.Also the issue of strick bank rules on foreign transaction has been greatly reduced.

 

[Heatman]

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.

Seriously, the benefits of cryptocurrencies can never be over emphasised because it helps so much with making business transaction very quick.

 

[Nurudeen]

Crypto currency exchange Business will definitely help countries most especially the citizens from edging against Inflation. With the current economic downturn all over the world I think Investing in crypto currency is very important

 

[Good-Person]

Cryptocurrencies are good for economy because they help you to generate foreign exchange. However, cryptocurrenices also come with a heavy price. A country has to generate a massive amount of eletctricity in order to mine cryptocurrencies and this adds a lot to the country's expenses.

 

[Ebro01]

Cryptocurrency is one of the best ,it helps both the rich and poor. Get money easily and it provides easy transaction.Globally it brings development to the people, businesses.

 

[gammarays]

For me,crypto has broken many barriers that prevented the financial system of the past. Do you know the number of people that are involved in crypto is growing yearly more than people that use the traditional banking system.

 

[Alexandoy]

Crypto coin is an industry that is very similar to the stocks. Like the stock exchange, crypto coin also has the crypto exchange centers that service their selected crypto coins. As an industry crypto coin has created jobs. I think that is the importance of crypto coin in the economy. However, crypto coin is not legal yet.

 

[GIFTMICHAEL]

Some countries government never understand how to convert Cryptocurrency into economic benefit to themselves cos they failed to do the needful instead they're banning it.

 

[Senator]

The benefits of cryptocurrency to the individual is far beyond what we can talk about in one single discussion. This cryptocurrency we are talking about have made a lot of people very rich that were nothing before the advent of cryptocurrency
[automerge]1627140273[/automerge]
The benefits of cryptocurrency to the individual is far beyond what we can talk about in one single discussion. This cryptocurrency we are talking about have made a lot of people very rich that were nothing before the advent of cryptocurrency

 

[Grandeur]

When there was no fall in the market one could make 6% or more in a week even just by investing imagine if the government adapted the crypto idea, a lot of unemployed would have something to do.

 

[Hasan Raza]

No doubt, cryptocurrency is helpful and easy to manage now because it has an easy access to a common man and he can learn and earn easily. But in most countries it is banned due to some financial reasons by Government of that countries.

 

[Yusuf]

I think with crypto currency exchange Business it will help a lot of people to edge their money over inflation me I think this is where the government cracking down on crypto currency exchange Business are getting it wrong

 

[delnovem]

An added advantage of cryptocurrency is that it's completely decentralized, which means that for citizens living in countries with currency instability, cryptocurrency allows them to trade freely across borders with citizens of more well-off countries, creating a level of economic equality.

 

[Kelly5]

Yes one of the dividend of cryptocurrencies is the ability it has to break the barrier between the poor and the rich in a highly stratified society we all live in right now in the world. It has proven to make a lot of people rich