How crypto affects the world's Gdp growth

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Introduction

Transaction between countries can be so inconvenient especially countries that are not on good ties to make this transaction between two countries requires that an intermediary be involved that more time ,stress and tax will be involved without caring about the urgency of the money.

Crypto and the world's Gdp.png

As a common currency crypto has same values in every country the difference in price comes from your countries economy,as a common currency it means that you can easily make transactions without an intermediary.

How it works

These peer-to-peer economy is more fast ,easy and convenient compared to the conventional system which means that more transaction are not been carried out using crypto trade on a daily basis . though the noise around crypto is not very loud to an alarming level but small rivers cause an ocean which means that the effects of this currencies can sometimes be quite that we don't know just how much affect crypto have on economy.it has a strong ability to disrupt banks and can go as far as closing this banks down.

What's the way out

The government has to find a way to make both the conventional currency and crypto would compliment each other,we cannot just completely abandon the conventional currency.

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3 comments

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