Post
Topic
Board Economics
Re: Why the world really needs virtual currencies
by
Pasaway2701
on 10/11/2017, 15:40:50 UTC
I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history!  Grin

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

I think the world needs it. In my country when we want to buy something online we need to deposit our cash first in order for us to transact with an online store. However, this process may change when they start to accept virtual currencies.
Bitcoin maybe created to have easy way of transaction around the world with less fee. Also to give people additional earning through the use of internet where everyone can get income more than can earn in the industry. To give everyday me a financial freedom and to follow the flow of having new technology. Since everyone can access on the internet it is better to use digital currency in paying online goods and services without any hassle.