Well Well Well!!
It's a good thing how the benefits of cryptocurrency have been discovered lately.

Sergey Nazarov, the co-founder of Chainlink, has stated that he sees a major change in how regulators and other traditional financial institutions see cryptocurrencies. Instead of seeing them as a threat, he believes they are beginning to see the crypto industry as a potential engine and a source for economic growth. This is a great significant change in perception and highlights the maturing of the crypto space.

Now according to him, the reason why cryptocurrency is now seen as a source of economic growth is due to certain factors and all these involve contributing to the economic growth in diverse ways like;

1. Financial inclusion: One of the most important contributions is that cryptocurrency provides financial services to the unbanked and even underbanked global population. In most developing countries, people may not have access to traditional bank accounts but do have access to the internet and smartphones. Cryptocurrency gives these people the space to access and participate in the digital economy, help them send, receive and even save money.

2. International or global trade made easy: Cryptocurrency can make international trades and cross-boarder transactions a lot easier, faster and more cheaper. Originally, traditional money transfers can involve a high fee and even a long time wait but Crypto allows a fast and even cheaper or low cost transaction. This act is beneficial for people sending money to family in other countries and even small businesses involved in international trades.

3. Tokenization: This was the most important reason Sergey talked about crypto helping the global economy. Tokenization is the process of representing a real world asset like an art or stocks on a blockchain as a digital token. Now this can make these assets easier to sell and even accessible to a wider range of investors which can potentially increase the value of the asset.

4. It helps protect against inflation: In countries where there's an unstable economy and high rate or level of inflation, citizens can use cryptocurrencies like Bitcoin to store their money to protect their savings from rapid devaluation of their local currency.

Now technically, Chainlink acts as a bridge which connects the blockchain world to the real world, thus making it possible for traditional finance and real-world economies to safely and securely integrate with blockchain technology, and this is why Nazarov's perspective is particularly important to the discussion of crypto's role in economic growth.

It's a good thing the positive side, influence and impact of cryptocurrency on the global economy is beginning to be seen by prominent members of the global trade system which makes it easier to say cryptocurrency sooner than expected will become a legal tendency globally.