Crypto Currency and The worlds Economic growth indices

[Ahmad ah 1212]

Cryptocurrencies play a big role in improving the economies of countries, especially those countries that have recognized digital currencies and allowed their citizens to work with them.
The role of digital currencies is positive when citizens trade these currencies, make good profits, enter the country in foreign currencies, and the citizen's purchasing power increases.

[Flash009 345]

Yes, I think it's a growth economy. Because cryptocurrency is a way of exchanging business.com, it is now a profitable business. It could also solve the unemployment problem. And it is very effective for the economy. 

[Msh9 84]

Cryptocurrencies have a great role in the economies of countries and their growth in all areas, especially countries that operate in these currencies and allow everyone to work with them and encourage them to develop this field and provide the best through it.

[Haley 832]

Yes, the currency is evolving everyday and the new currency (cryptocurrency) is appected by most of the countries of the world and the remaining countries will also accept it soon. And the main reason for its acceptability is anonymity which it retains and no third person will know about your transactions. 

[godislovefll 1880]

On 1/19/2020 at 12:02 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.

Although this is convenient for all of us who use cryptocurrencies for the governments of some countries where they want to control their citizens, it is not convenient for them because there will not be a bank that governs and controls this, so it will not be convenient for the government or the banks, therefore despite if it is very convenient, many do not want to approve this as something legal.

[yulitzacalvete 1366]

On 1/19/2020 at 12:02 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.

You are very right friend, now through the pandemic there has been more support for cryptocurrencies and indeed, because of that, your reputation will increase more so that cryptocurrencies are obtaining more approval from many governments.

[Mohammad2005 336]

Hello my dear friend. Our economic needs are being met with cryptocurrency coins. Our needs of our cryptocurrency currencies are met by working here we earn money and can do better in my future. This is a great platform. Economic helping is being made by earning a lot of money from here. Thanks.

[RoyalHouse01 9]

with the passage of the time there are more usages of the cryptocurrency and that is also a reason the rate of the bitcoin or any other currency is increasing day by day.

[Alexander002 91]

Cryptocurrency is an online currency. Governments of different countries dislike it.Because there is no system to control it. This coin exchange does not have the hand of a third party. Any country can use this currency for economic prosperity. There are many benefits to investing here

Edited February 20, 2021 by Alexander002

[Goyaa 2414]

On 1/19/2020 at 5:52 PM, Satishmolankar said:

Yes you said right that financial technology the best is to use crypto currency and it will help to all people while in transaction doing there will be less fees and that will great for all

I agree that cryptocurrency is the best way to help a country's economy, it is an effective way to save on the country's budget because it has low transaction costs. But the problem is that few governments of a country are willing to use cryptocurrency, they prefer to use debt or budgets financed by banks. This will actually increase a country's debt, but that's the capitalist system they use, so there's no fiscal savings.

[Mir Hamza 2888]

Many countries agitate its governments on the fact that if they apply their taxes on cryptocurrencies then they will declare it legal in their country. Because in this way the government will be able to collect tax only from the crypto currency, which will also benefit the government, so in this way, if the government is able to apply tax on the cryptocurrency, then I will give it to me. If this happens then it will be a very good thing and in this way we will see that there will be many governments who will also accept the digital currency and start working on it in a proper way. 

[Momo_064 1281]

On 1/19/2020 at 10:02 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.

Crypto currency and the blockchain technology is developing rapidly in nowadays because most of the countries of the world have accepted crypto currency. Many people are working in the crypto world and they are earning a lot of money from the crypto trade. The people are getting rich and self employed easily by working in the crypto world. So crypto currency is very important for the economy growth of the world. 

[MonaAhmad 146]

Yes, that governments adopt encryption will be very beneficial to them, as they will impose taxes, and encryption will also improve the economic situation of citizens and reduce the unemployment rate they suffer from.

[Ameralsamt 2558]

Dear, global economic growth will be directly related to cryptocurrencies, which are the only way out of the global economic crisis, and it will strengthen the global economy, and make it much better than before. 

[Stiffen white 827]

Yes it help to growth of economy.  So governments need to make right decisions about cryptocurrency and get benefits.  Which can solve the different issue which a country face in economic growth. So with this they can solve and give the opportunity of employment and can decrease unemployment. 

[Ysha5 763]

Cryptocurrencies and Bitcoin have witnessed great fame and a wide development that included all parts of the world, but some countries began to fear these currencies and began to fight them in fear for their economy.

[khan22 3478]

On 1/19/2020 at 9:40 PM, bentayebsalah said:

Cryptocurrencies will be a positive contributor to the global economy and will make it stronger and better

Crypto currency make strong the world and peoples will know that when the crypto market is spread in all over the world that time peoples will invest their money in it and they earn good money through this that time and this is so much secure payment system.

[Kimram 265]

Crypto is able to improve many systems, and this is very apparent in the technology used in this matter. It will help governments a lot in facing corruption that exists in many organizations.

[Alix188 585]

Use blockchain technology, a market that makes transfers very secure and no one can tamper with them, but the problem is that most countries refuse to use blockchain.

[Pereira 2303]

Cryptocurrencies are always going to be a great help for everyone, that is why I always use them to do any type of operations, this is a great help for everyone and for everyone, this is a world economic system without third parties involved and extreme security and investment, for this whenever you can learn from him to have a great help before hand.

[Fatima Alre 766]

I agree with you, as well as one of the most prominent positive aspects of digital currencies, bringing new funds and ways to invest, and the connection of digital currencies to technological development and the development of data and data banks, and I believe that trading in digital currencies is a window for modernizing international finance. A key feature is that they are insensitive to inflation, as cryptocurrencies have a sophisticated mechanism to prevent inflation. Cryptocurrencies are open and available to everyone, including people who live in deprived areas where no other financial services are available, and the Internet is sufficient.

[HumamAliDeeb 590]

Technological innovations have made it possible to enhance accountability and transparency in fiscal activities in order to reduce corruption. For example, if a country's government decides to construct a road, it can now track how each dollar is being spent, identify all users of the money, and ensure that only those who are authorized to spend the money are doing so in the originally targeted spending within the time allowed. Fraud and corruption investigations that now take an average of 15 months can be conducted with just the click of a button and at a fraction of the cost. More importantly, this type of financial tracking will deter public sector bribes that are equivalent to between $ 1.5 trillion and $ 2 trillion annually, or roughly 2% of global GDP. This will enhance the development impacts. All that is required is the adoption of a cryptocurrency and the use of blockchain software.

[Vola1s 727]

It is true that cryptocurrency can help the government of a country because it can make trading records more efficient and the government does not need to use third parties for international fund transfers. However, the use of cryptocurrency has not been accepted by the government and is considered insecure finance. There needs to be a brave government to be able to use cryptocurrency as part of current financial developments.

[HadiLord 926]

It will be better technology in the current situation and it will give us speed and safety in the transfer operations, but this is not in the interest of governments, as they want to impose taxes on these currencies and monitor transactions and those who do them, and this matter is not compatible with blockchain technology.

[Alibhai 462]

Yes you are absolutely right but there is a disadvantage also like it is decentralized and can't be controlled by the government of the entire country no matter how much financially stable the country is.