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Oluwaseun

Crypto Currency and The worlds Economic growth indices

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Economic and financial development is growing very quickly and dealing in cryptocurrencies is very easy and not controlled by restrictions. I think that cryptocurrencies will spread in the near future in all countries.

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This can't help for sure because governments make profits because of dealing with third parties to transfer the goods and money and from the taxes they take , so without them they will be in huge lose that's why they don't accept the idea of crypto transferring

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Certainly, my friend, cryptocurrencies are the future of money technology because of the high degree of security and the inability to manipulate them and the lack of need for a third party in order to carry out financial operations and this is the reason for their great success and rapid spread in the world.

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We are moving steadily towards the demise of the fiat currencies.  The volume of investment in digital currencies has become very large.  Cryptocurrencies can help improve the economy of many countries.  Developing countries are in great need of cryptocurrencies.  Money can be exchanged easily and provide a lot of commission.  Money cannot be tracked.

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One thing that determine the productivity of a particular country is how the youth are useful, so if the government and legalize cryptocurrecy, then the youth will have something that can earn them money and they won't depends on the government for everything anymore, the economy of many countries can improve they can involve there self into cryptocurrecy.

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Crypto Currency can assist the government of the world in making their trades note effective as they do not rely on third party to make transfers of fund. This would help immensely as the world looks to move on to greater ways of financial technology.

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This digitized currency is a great advance both for governments and for people who want to invest because their transactions will be more efficient, fast and secure and it has the advantage that it can be projected to any negotiation worldwide in a practical and digitized way and as Technology is growing in an accelerated way, it is also important to be on the road with him and thus take advantage of the Cryptocurrency, which is the currency that is going to consolidate in the world market.

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In fact, you speak correctly, but governments do not trust cryptocurrencies because they are decentralized, meaning that they cannot control them, and this is not beneficial to governments, as they impose taxes on the people with their paper money, which means that they are the third mediator in transactions.

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Greetings friend, you are right, cryptocurrencies can help world trade, that is why we hope that all countries can accept this type of finance, since they will benefit from them, with cryptocurrencies you can buy everything you want , clothes, shoes, or even a house.

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Crypto currency has really increase the growth of world economic because it brings more benefits and values in the world which reduce the rate of porverty and unemployment which provides means if income to most of the youths

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         That's right as there's no doubt that crypto currency would help the world economy to grow and that of different countries, which is why countries like the united States, china and the UAE are holding a good ground in the adoption of crypto currencies so a to strengthen their economy.

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Evolution always takes place and this development is in the public interest and makes it easier for us to deal and also gives us good advantages, but in the field of decentralization some illegal matters have become open. 

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The method of transferring money on which cryptocurrencies depend is very convenient and of high security, and the method in itself is considered a development in technology and the countries of the world must adapt with it.

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Crypto is one of the best things that happened in the world in the last period, because I actually see that it affected in a great positive way the global economy

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I think it will achieve great economic growth if countries start to deal with it.
In addition, it is much better than paper transactions and the current global financial system, as it achieves safety and ease, especially by adopting the peer-to-peer method when making transfers, i.e. without the presence of a third party.

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Crypto could help to grow economies. It would increase the GDP of country because it would generate more businesses. Also it would support import/export through the easy cross-border payments method. Thus it would bring all countries close.

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The use of cryptocurrencies has been very popular, we hope that every day we are more in this world despite the fact that there are still countries that do not want to regularize them, if they legalize it in all countries there would be progress and the economic indexes would be very good.

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My dear friend I want to tell you that the cryptocurrency is effect on the economy of this world because the price of the cryptocurrency is more flexible than the physical currency so when the price is change of the crypto currency this will affect the economy

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Crypto is becoming popular nowadays. People are showing interest  about it. Crypto has a promising future. If govt accept this currency then our economic situation will be good. There will be more development. Invest or trade will be boost. People can be live without poverty.

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The first thing that a country can do in the name of digitalization, in my view, is to use cryptography and legalise it. 

Since Bitcoin has a high potential and will be the leading coin in the future, the nation must embrace and run it in accordance with the situation.

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Crypto is anonymous and government is making exchanges them to do KYC every member.This is leading crypto in financial controling system like fiat financial system is controlled by giant institutes and banks.

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Actually, Blockchain is future technology and can use for send - receive - record million transactions in second. Government agree with the benefits of blockchain.The crypto currency change the world and catch out the world in the crypto/ blockchain technologies. When all over the world people work in Cryptocurrency then cryptocurrency help us our world economy for increase more.

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You are right, cryptocurrencies have helped make transactions faster and easier, and this is due to the cancellation of the third party from these transactions, but the problem is in the governments' prevention of these currencies.

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The world is heading to form a new financial system, because encrypted currencies affect the economy of countries, because they have purchasing value so they have an important role in the market and they meet personal needs and may constitute wealth for some people.

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On 1/19/2020 at 11:02 AM, Oluwaseun said:

Crypto Currency can assist the government of the world in making their trades note effective as they do not rely on third party to make transfers of fund. This would help immensely as the world looks to move on to greater ways of financial technology.

Cryptocurrency can be brought in a positive direction and it can also be brought in a negative direction. If a country has a good way to take advantage of cryptocurrency, of course it can make economic growth go up, but on the other hand, if a country or even the world cannot take advantage of cryptocurrency, cryptocurrency will weaken the world economy with all the impacts it has.

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