Re: Why the world really needs virtual currencies

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/

There is great importance to the virtual currencies in facilitating the movement of money and the world is surely needs them because we need the rapidation to get money.

Bitcoin has often been associated with illegal activities such as money laundering and the trade in illegal goods, mainly because its transactions can be carried out anonymously. However, experts warned MEPs not to overestimate these risks.
I would say it's bad bad news.

After reading different articles from different websites about digital currencies, the reason that I was able to figure out behind the creation of Bitcoin, which is also known as the mother of crypto currencies, is that rich guys were in need of transacting their money across the world on low rates at fast speed without interference by government or banks. But with the passage of time many people Started investing in it due to its appealing features and it reached today's popularity.