Friday, 31 July 2020

The role of cryptocurrency in international trade


The impact of technology on the various ecosystem of man's endeavors cannot be overemphasized. It is the brain box of many industries today and it is quite impossible to do without the products of technology. However, the truth about it is the fact that there are advantages and of course disadvantages that come with new technologies. It is therefore left for those who utilize the products to master how the disadvantages can be bypassed in the course of using the technology. The positive sides are also amplified and that is quite well for the progress of the people using it. Without any iota of doubt, technology is great and the products that come along with it are quite essential to life and that is the position of bitcoin as well. 
However, the risk associated with the use of fiat money is great and that's why new technologies are exploring new ways and means through which people can make payment successfully. The various online payment channels can be compromised by hackers and few of them have been impacted recently by the activities of these hackers. It is therefore essential that better technology is innovated in the area of currency and that'd how bitcoin came to your scene. The idea of getting virtual and digital currency that is not controlled by anybody, not regulated by the privileged few has been the brainpower behind the innovation of the cryptocurrency.


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