Benefits of cryptocurrency for the global economy.

[Justin]

If you have $1, you cannot invest this money in share market, real estate market, even mutual funds. However, you can invest $1 in crypto currency and profit from your investment.

 

[Ceeny007]

Crypto currency has helped gobal businesses with perks like lower transaction fees and annymosity as we all know but it also has bad sides,since it's untraceable,it can be used to sponsor illegal activities

 

[Blessedsam60]

The global benefits of cryto economy outweighs it's disadvantages. You have taken your time to analyze it well.
Thanks so much for this. I now enjoy doing transaction globally with no Itch

 

[Sincerem]

Cryptocurrency comes with lots benefits that can't be stated in full here, but most notably; it offers swift and hassle-free transactions. Its a hedge over inflation hit country for an individual into it. With crypto no need of carry money up and down, you can simply do one time transaction and pay for an item using your coins.

 

[HayKay]

Crypto has opened up the wealth world for everyone to participate in. It's almost reminiscent of the Advent of the internet in the late 90s and the people it made wealthy. Same thing for the crypto move today.

 

[Kaffyfolla]

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.

 

[Toyoabasi]

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.

Yes, I believe cryptocurrency would be of great benefit to the overall economy.
Many are looking up to it as the future of money.
It is capable of making payments fast and accurate.

 

[tyrim88]

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.

I think that area of control is what makes it unique,because you are actually in full control of the transaction you are doing and ths can be done at your own convinience,and there woul'nt be any need for any third party vetting or verification procedure for any transaction.

 

[Kubiat-Abasi]

I've really learnt a lot from this thread. I want to also add that the benefit of cryptocurrency also helps in boosting the economy of a Nation and makes people have an authority of their own because of its decentralization.

 

[ahmedo24]

I've really learnt a lot from this thread. I want to also add that the benefit of cryptocurrency also helps in boosting the economy of a Nation and makes people have an authority of their own because of its decentralization.

That authority and financial libration is what most countries especially communist countries don't want and that is why they are working hard to prevent cryptocurrencies from trending

 

[ganibade]

Benefits of cryptocurrency for the global economy. Cryptocurrency brings about life support. It make many people to engage in trading that increase their income. This one of life support programs.

 

[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.

The decentralization of crypto currency coin is one and the best benefit around the world, crypto currency is free to be used freely across the world without any government removing tax in the transactions.

 

[Ub40]

From my findings being in the crypto currency platform so far, I can confirm that there are some benefits of crypto currency. Just as already mentioned above, It has provided job opportunity for so many people as some people do crypto trading as full time job. Another one is cheap transaction fees.

 

[greenie]

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.

 

[Syldan]

Well, the operation of cryptocurrency, has a very great advantage but with more concerned, it also has a disadvantage to which may be considered as a negative impact to the economy. One of the advantages is that of bringing the world economy into a decentralized umbrella which is not control my a single body.

 

[Dagm1]

Cryptocurrency is critical for countries, particularly underdeveloped countries, where crime is rampant. Unemployment, growth rate, inflation rate, and so on are all factors to consider. Just when you thought things were looking up with the emergence of a cryptocurrency market in my nation, it was abruptly prohibited. Well, I believe that bitcoin is critical to the growth of any economy.

 

[Sotherefore]

Some world leaders consider cryptocurrency as a threat to the economy of the world because more people are investing thousands and millions of dollars in a digital asset, they believe this money could have been us to develop the economy of one's country.. the only benefit of Cryptocurrency to the world is the ability to Carry out transaction conveniently .. It is alsos an asset.

 

[Adecyptii]

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.

Yes you are right by saying that but some countries dont like that, because it is decentralized, they don't have power over your money, they are no more in control.

 

[Sincerem]

Cryptocurrency has so many benefits but yet still the government still considerate as a threads to their economy and so on. With the help of cryptocurrency transaction can be sent to different borders within a very short period of time.

 

[GIFTMICHAEL]

Many world government officials would not want to see the benefit of cryptocurrency. Cryptocurrency has provided employment to so many people especially the professional traders.