Topic: How can Bitcoin helps the world's economic? ✅ - page 14. (Read 3273 times)
Bitcoin is mined through a complex software and hardware infrastructure system. And just like any other traditional method of mining, manufacturing bitcoin also impact the environment in not so subtle ways. The servers used for mining consume a great deal of energy. We can only imagine how much is being spent on running countless servers around the world. In response, environmental legislation will have to be introduced to address energy consumption related to bitcoin mining.
For economies that depend heavily on its overseas workforce, remittances are what drives growth.At present, money transfers are facilitated by banks that charge extra in processing and transaction fees. Aside from that, transaction time is relatively slow and it would take seven days at the latest before the receiving party can access the funds. With bitcoin, on the other hand, people can get around these caveats and get more from their money than what traditional wire transfers entail. What’s more, currency conversions through such transfers are costly, whereas bitcoin conversions are much simpler and do not entail any such costs whatsoever. From this, we can only expect overseas workers to depend heavily on bitcoin as a more convenient and less costly means to send money to their loved ones.
How can Bitcoin helps the world's economic? This is a great statement because the world at large do not support bitcoin therefore it make things so hard for bitcoin because it has not been legalized globally
When we say the economy, it could refer to the level of the country in terms of financial status. Bitcoin open new opportunity to people that long have no work and to those people who are looking for extra income for their family. Thus, there are a lot of people who engaged in the crypto have somewhat contributed to the financial status of the country. However, doesn't always bring fortune, some people have lost fortune due to illegal activities that go along with the crypto like scams or ponzi. But, I do believe that people who engaged in crypto have benefited from it.
As of now, Using bitcoin in our every day life it can help many people to transact , trade and others. so as the time goes by, i think by helping bitcoin to ourselves it can also help our economic grow successfully.
not just people who get a lot of benefits with bitcoin, many of them can take more and more profit about how bitcoin becomes their job without having to look for another job. Bitcoin can directly help the community by providing results for investors or traders.
now the international currency bank has started to use the entire crypto world system to support the African countries! they launched 3 support projects! They send money to these countries and this is only the beginning! I am sure that now they are studying this process, if they study to the end, then the whole monetary system in the whole world will change! bitcoin can attract investors to the crypto world, as it shows good and very high interest rates! classical stock exchanges and stocks can not afford such interest rates of return! All large companies are moving to a crypto system, this is the future! and soon we will see how the whole world will change!
For me, bitcoin helped the economic status of a certain country where there is a gap between the scales of the society, he really affects the economy of all the world, bcz it is an alternative to the existing banking , that affect direcly the persons how wants to invet outside of his country easly.
For now bitcoin may not make a difference to the world economy not until international legislation favors its usage, however it has a touch of class on individuals
Bitcoin can help many industries to collaborate, allowing people around the world to connect with time - free moments and to provide efficient and low - rate cooperation.
To date, many central banks are closely following Bitcoin's development. Some of them even proposed a digital version of their currency. For example, the central banks of Canada and Ecuador are among the first to study such opportunities. In recent years, Bitcoin's influence has led to changes in various sectors.
bitcoin helps to improve the economics by given a job for unemployed people and it gives a good profit and great future this is the modern currency and trusted.
Bitcoin gave a lot of investors good profit in it's prime, but now that the price is not that great, do you think these investors are still gaining a good profit enough to call it a source of income? Also, Bitcoin is a crypto currency it is decentralized and not-that-really anonymous so how can you say that it is trusted? There are a lot of people that doubt Bitcoin but I think as long as they are earning money or profit from it, there will be no problem.
bitcoin helps to improve the economics by given a job for unemployed people and it gives a good profit and great future this is the modern currency and trusted.
Some people are asking, "How can Bitcoin helps the world's economic?"
I think this is the right answer. Bitcoin has become a currency for a nation that is currently supporting all kinds of people. Bitcoin has become as an international currency at this point. Once again, technologies help the world to solve its problems. This can raise Bitcoin reputation among economic discussions. And also will give positive mood to Bitcoin markets.
I think this is the right answer. Bitcoin has become a currency for a nation that is currently supporting all kinds of people. Bitcoin has become as an international currency at this point. Once again, technologies help the world to solve its problems. This can raise Bitcoin reputation among economic discussions. And also will give positive mood to Bitcoin markets.
We are living in a world that is being influenced by instant everything, in a world where speed and efficiency is everything cryptocurrency can provide an acenue where you can be able to do just that. However there is still something that we must address and that is it being agreed upon and being recognized by the world governments and with it it just means that we are officialy moving towards development with bitcoin in the front
Bitcoin improves the economy of the country. Bitcoin reduces the number of unemployed from the country and gives people the best chance of earning. It can help in many ways especially it can help to have a progress in some economy in many countries especially to those who are poor counties.
BTC is getting more attention of world economists day by day. Like any other currency BTC will surely be used as common mean of transaction in near future. Yes, BTC is not used so often in all over the world but it sure is more easy to send money abroad. Unemployed people who find it more difficult to work and earn their livelihood, BTC is sure a blessing for them as it is easy to earn. So yes it will have some more effects in worlds economy soon.
Well, there are many people nowadays who will use bitcoin as their digital currency and people are happy to use it because they see the good future of it and besides there are many countries who now have been involve and people helps to have extra income too.
One of the pressing problems of the world economy is the slowdown in economic growth. Blockchain technology and its aggressive popularization through the rapid growth of prices for cryptocurrencies can help the world financial system to solve its main problem, which is the lack of long-term financing and ensure the subsequent global economic growth.
Yes I agree on that bitcoin has really a big help to every individual, and they can now earn by their own will without leaning on the government side. Bitcoin helps everyone to gain a huge amount of profit. Even in a verry simple way such as buying and selling etc. It really helps every individual to gain itvhelps a lot.
Finally bitcoin is a big helps in the world economics if all are unite who handling it and the other one is the scammers is not allowed to join so that the members will work hardly and earned money for the economics then the government also need to support bitcoin come to be legalized.
It could be a bitcoin time will help the world economy.When bitcoin has been recognized by the world currency then bitcoin can help the economy with a lot of business activities on the capital provided by investor who invest in it so have the funds to run the business and production.But for now this bitcoin only affects or helps the lives of those people who use the bitcoin.
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