Post
Topic
Board Economics
Re: Cryptocurrency usage will boost economy or make it worst ?
by
hahay
on 24/01/2020, 22:26:48 UTC
As long as Bitcoin and other cryptocurrencies are not regulated and formaly introduced into financial and economy system they can't help economies in any way. And until that happen s businesses will not use crypto on a massive scale.
So, cryptocurrencies can only help individuals and all othe crypto involvment in economy at any way in unregistered and unrecorded and it's actually underground economy.
It can affect the economy in unregulated way also, it provides opportunities for stabilizing your financial status. If more people will adopt this and would become financially secure, that would reduce the rate of inflation that is one of the leading problem of the world. Reduction in inflation would result into the stability of economy, I think people should adopt it to boost their economy.
Agree, although the use of crypto is used individually and with the adoption carried out by business developers so far, and even though it is not recorded but still, the use of crypto will help stabilize the economy and ultimately the use of crypto on a large scale will have an impact on the inflation rate more lower. With us only using cryptocurrency, that is also enough to make the economy good and we should realize that.