Post
Topic
Board Economics
Re: Help of cryptocurrency in globalization.
by
Sanugarid
on 10/03/2020, 14:12:19 UTC
Cryptocurrency and even blockchain can give a big part in globalization because through this technological advancement, it helps country to have transactions internationally. It makes it easier to transact with people in other countries. And that's what globalization is all about, connecting people across the world for stronger economy. Technology leads to greater globalization and cryptocurrency is a product of technology.
If we would define globalization, it is the overall exchange of products and service from different countries with the help of technology. Blockchain and crypto can simply be an example of the advancement of technology, it is the new generation of the world's monetary system which makes things easier and more convenient. Being said, it would really be a great help for the improvement of the globalization leadong to the rise of global economy.

it will help because it makes transactions easier for different countries, because their currencies are different.
so using crypto will be easier not need to convert how much to pay first because crypto is connected to all fiat currencies, for example someone sells goods at a price of 0.1 btc then the buyer only needs to prepare 0.1btc no need to compare currency rates his money against the seller's currency.
Amidst the differences in currency we can all be united through using the same cryptocurrency when making transactions from other countries. There will be no hustle upon exchanges that's why it is way more better for us in terms of globalization. New ways will lead to new progress.