Benefits of cryptocurrency for the global economy.

[Josephjossy]

Cryptocurrency have invited job for many citizens especially the youth some youths trading cryptocurrency and making so much money from it and with such reheat have provided job for many jobless youth all over the world I thank God for introducing cryptocurrency

 

[Hena101]

The important of crypto currency to global development is that it can help people to earn from it thereby reducing the rate of employment in the the developing countries.

 

[Josephjossy]

Crypto currency trading have been helping many people right now. It have been helping many youths to make money why at home. You can invest on crypto currency of your choice and make money with it . You can also trade crypto currency and earn a living

 

[Good-Person]

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.

I agree that cryptocurrencies are a blessing for many people in the Tier 3 countries because crypto trading has opened many opportunities to investors in African and Asian countries. Unfortunately, these big opportunities are only for rich people who live in Tier 3 countries because crypto trading require you to have a good amount of money. Crypto is essential for economical development of a country.

 

[Man]

Crypto currency itself is a great finding in history of internet and will go a long way to help countries lacking proper infrastructure for financial aspects. Ease of use and a great barrier inherently present for any type of frauds, will take crypto to next level of demand supply shortage on internet.

 

[kayode10]

Cryptocurrency make it pretty much easier for people to do transaction within seconds and it is well secured. Cryptocurrency does not have bodily missing and you can easily make more money with it.

 

[Good-Person]

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.

I have noticed that transaction fees of crypto is the lowest even if we compare to other payment processors such as Paypal. I believe that crypto coins are the future of digital world and it also provides a country with an opportunity to earn foreign exchange and improve its economy.

 

[Lens]

The benefits of cryptocurrency on the global economy can not be over emphasized. I strongly believe that cryptocurrency will do the world a great favour if it's globally accepted. It could be used as an instrument to fight inflation. The inflation rate could be drastically reduced if cryptocurrency is adopted.

 

[Josephjossy]

Crypto currency is the latest way to make money. You don't need a night knowledge to start trading or investing on crypto. It have helped many countries balance there economy. It have provided jobs for many youths and they have been making money with crypto currency

 

[Zevin]

I do not think crypto currency has anything to do with the national economy or global economy for that matter, however, crypto currency investment can help people in the individual level.

 

[Josemendez]

Cryptocurrency has actually been able to solve the inflation causes by the covid-19 pandemic. It has also given financial freedom to many unemployed youths.

 

[Hena101]

The benefit of crypto currency for global economic is that it help in reducing unemployment more especially in developing countries and this make the economic to grow.

 

[Ebro01]

Cryptocurrency is a common uses money that is generally accepted globally.It has make it easy for transportation,it has make it easy for free and flow of currency. It has make it easy to get goods and services easily and frequently.

 

[Bousine123]

I think all government should start getting their own Cryptocurrency. The way it's going, we will no longer be using the legal tenders we have been using since.

 

[Chibson]

I think cryptocurrency is the ultimate solution to inflation. A lot of visionary countries are adopting cryptocurrency on daily basis as a legal tender.

 

[Thinker009]

Cryptocurrency have really helped to reduce the rate of unemployment in the country , because as the development of crypto currency is increasing people who don't Know about the use would know about it

 

[tyrim88]

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.

One of the benefits is the fact that it is a decentralise form of confirming payment,apart from the fact that its process eliminate bottleneck associated with foreign transfer,it is quick to do transaction with that platform.

 

[Oliver4smile]

Yes, trading with Crypto currencies has a lot of advantages and that is fine. The only disadvantage of it is that scammers can easily use it to scan without leaving a trace. For example if you send money to a scammer's bank account number, police can trace the scammer later but I don't think that can be easy regarding Crypto currencies

 

[Setho]

Cryptocurrencies like bitcoin is good for the global economy because it's great honour system whereby everything is transparent and nobody is in control of people's money.

 

[Heatman]

In my opinion one of the biggest benefit of cryptocurrency in the world today special in my country is being able to serve as a means of earning money for a lot of people who are unemployed.