Effects of Cryptocurrency Adoption - page 5.

dimonstration

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Quote from: Nwada001 on March 24, 2023, 11:39:27 AM

Nice one, you could have done a few analyzing on how the growth of crypto adoption is going rather than relaying on AI to get the work done for u.

Probably he just copy paste the full context from the source which Chat GPT use as reference on this exact statement. There’s nothing wrong with this since the content is well explained regardless if it’s from an AI generated or not since he posted the source for his content. I preferred Chat GPT over personal analysis if the OP can’t provide a better analysis than this.

It’s surprising that Vietnam still holds the number cryptocurrency adopter even if there’s a lot of country that already close to full adoption.

DainSLane

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Quote from: jenny56 on March 24, 2023, 11:23:43 AM

Cryptocurrency adoption varies in size, from retail investors to merchants and financial service businesses.
Vietnam has the highest level of cryptocurrency adoption, with China and Nigeria engaging in cryptocurrency-based trade due to foreign exchange policies.
In Venezuela and Brazil, legacy financial systems' costs and bureaucracy drive people to experiment with and switch between different cryptocurrencies.

I thing the use of cryptocurrencies for trade between China and Nigeria highlights the significance of foreign exchange policies in driving crypto currency adaption. many countries like Venezuala and Brazil where the costs and buriaucrcy of difficult financial systems are significant crypto currencies offer a alternative for people to experiment with and switch between.

Gozie51

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Quote from: jenny56 on March 24, 2023, 11:23:43 AM

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.

Quote from: jenny56 on March 24, 2023, 11:23:43 AM

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.

Nwada001

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Nice one, you could have done a few analyzing on how the growth of crypto adoption is going rather than relaying on AI to get the work done for u.

jenny56

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Hi, I hope your doing well. the way people conduct financial transactionsopening up opportunities for entrepreneurs, and bridging the gap for the unbanked population. The use of cryptocurrencies has the potential to revolutionize remittances, cross-border transactions, and access to financial services, empowering entrepreneurs to innovate and grow their businesses.

Source

Cryptocurrency adoption varies in size, from retail investors to merchants and financial service businesses.
Vietnam has the highest level of cryptocurrency adoption, with China and Nigeria engaging in cryptocurrency-based trade due to foreign exchange policies.
In Venezuela and Brazil, legacy financial systems' costs and bureaucracy drive people to experiment with and switch between different cryptocurrencies.

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