Post
Topic
Board Economics
Re: Effects of Cryptocurrency Adoption
by
Gozie51
on 24/03/2023, 15:47:42 UTC
empowering entrepreneurs to innovate and grow their businesses.


How does Bitcoin do this? Do you mean creating wealth for entrepreneurs because I won't agree with that assumption. Or you mean by giving entrepreneurs access to optional financial services for them to leverage on then I will agree because bitcoin is traversing the business world so  transaction of business and payment is easier.


In Venezuela and Brazil, legacy financial systems' costs and bureaucracy drive people to experiment with and switch between different cryptocurrencies.

This is the main achievement of Satoshi in bitcoin creation.  Unlike fiat bureaucracy, what you need in bitcoin payment approval is 1 confirmation.