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Ask leo : what are the global opportunities that cryptocurrency technology creates ?

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@tobywalter
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Cryptocurrency has blessed our lives in so many ways since its inception. The Crypto technology keep opening different opportunities to people all over the world. Cryptocurrency can be seen as a single language that is spoken globally. It breaks so many barriers and the blockchain technology has given birth to alot of new technology ideas. Here are some of the opportunities cryptocurrency technology has brought globally.

  1. It has encouraged international business; the advent of cryptocurrency has aroused the interest of so many individuals, companies and entrepreneurs to start trading internationally. Cryptocurrency eliminates the problems of exchange and conversion of national currency which attracts high fees and charges. The use of cryptocurrency for payment, adds to the profit of the business which might have been reduced by high fees and charges.
  2. Cryptocurrency technology has created employment opportunities; many people who are jobless or unemployed now have a means of livelihood and survival through cryptocurrency. There are crypto analysts, software developers, investors, cryptocurrency researchers etc some people use their knowledge of crypto to make money through training new investors, serving as middle men to trade on behalf of others while some have become bloggers.
  3. Cryptocurrency technology and blockchain technology has upgraded and updated other sectors of the economy with the use of blockchain technology. The health sector, banking sector, etc has benefited from the advantages of blockchain technology.
  4. Cryptocurrency has helped to reduce crimes and some social vices. The creation of employment for most youths has helped in reducing crimes and fraudulent activities globally.
  5. It has also helped the economy of some countries especially developing countries to help combat inflation and help to stabilize the prices of goods and services.
    Many countries which are still skeptical about cryptocurrency should reconsider because it offers a lot of wonderful opportunities to everyone. Also, cryptocurrency can actually become a global language for interacting globally without barrier.

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