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Topic: Is cryptocurrency help to expand the world business? - page 23. (Read 9823 times)

newbie
Activity: 150
Merit: 0
Cryptocurrency helps the expansion of business around the world as it grows larger and welcomes more investor. Also, the innovation behind the advanced technology today, the blockchain, gives other people the opportunity to innovate ideas that may benefit a lot of people.
MMA
legendary
Activity: 1134
Merit: 1000
Yes! Cryptocurrency can really helps bussiness in all aspects. It's clearly helps for those all bussiness man's or woman's to grow into their business industry. One of this is to buy products and merchandise for very fast transaction using cryptocurrency. And also they can accept virtual currency as a payment systems.
It is more beneficial and helpful for an individual. Because i can see a lot of people around who were jobless, and having not other source of income but not i can see them having good financial status and that is only with the help of bitcoin, they have started trading with a little amount but now have good amount of money and can spend a standard life.
hero member
Activity: 980
Merit: 507
Now a days business and product is for all. Every country exchange their core product with other countries to meet theit demand. What you think Is cryptocurrency help to expand the world business?
I am not sure what you mean by world business. But I can tell you this: Akon is going to create his own cryptocurrency named Akoin which is supposed to help people in Africa, their business and other things that need to be taken care of.

In an overall perspective, cryptocurrencies have helped a lot of businesses flourish. So yeah, it has already expanded world businesses.
legendary
Activity: 2520
Merit: 2853
Top Crypto Casino
It is a revolution, there will be many losers and many gainers.
Governments will do their best to stop it.
But when this will happen, all the financial system will change and citizens will be in control not their governments.
There still be many improvement to be added to Bitcoin before such thing can happen.
sr. member
Activity: 490
Merit: 262
privacy preserving smart contracts and beyond
Yes! Cryptocurrency can really helps bussiness in all aspects. It's clearly helps for those all bussiness man's or woman's to grow into their business industry. One of this is to buy products and merchandise for very fast transaction using cryptocurrency. And also they can accept virtual currency as a payment systems.
I doubt if it can help in a wide scale because cryptos are not being accepted as a means of payment for some other countries. The government also do not see the benefits of using cryptos in making transactions as much as we see it and even if they do, I think they would prefer it if we who are earning through it will also be taxed directly.

Anyways, I still believe that cryptos especially bitcoin will be use in the future in businesses, not just in the means of payment.
jr. member
Activity: 196
Merit: 2
Yes! Cryptocurrency can really helps bussiness in all aspects. It's clearly helps for those all bussiness man's or woman's to grow into their business industry. One of this is to buy products and merchandise for very fast transaction using cryptocurrency. And also they can accept virtual currency as a payment systems.
hero member
Activity: 1526
Merit: 596
Bitcoin can definitely help in terms of international trade.

Whether that be between company and company trading, or individuals accessing goods and services from other countries. I think that bitcoin will serve a really important purpose in aiding the transactions in both scenarios, imho.

Traditional international pamyent methods used in internationl business/trade involve long clearing times (you would know if you ever used SWIFT), and huge fees that are paid to banks.

Bitcoin takes out both. Transactions are instant, and there is no foreign exchange fees or percentage fees involved. All there is is a small transaction fee, whatever the amount is. That is far greater and will defintely benefit businesses or even consumers who adopt BTC as a international form of payment for commercial activities.
sr. member
Activity: 546
Merit: 261
An individual can take advantage of the usefulness of bitcoin,they can conduct business overseas without minding the extra tax by government or bank.But,the bad people can take advantage of it too by conducting illegal activities,so before it settles,the effect of bitcoin to world business still not much.
sr. member
Activity: 826
Merit: 263
It is so much easy to make the international payment with the bitcoin and alts bro. But direct centralzied payment medium will be able to go with bigger charges and many things I hope.
We need to implement the many bitcoin ATM all over the world cities to make it fame to all the people.
After the payment medium companies will be face the heavy loss in the market at the same time bitcoin will be rock in the market.
member
Activity: 132
Merit: 12
In a measure, cryptocurrencies can help in expanding businesses. They multiply the number of transactions that can be performed from any place in the world, all thanks to a code of letters and numbers. This excellent solution also allows independent economic units to become independent from other institutions because they are banks themselves and do not need to use central banks. It is worth mentioning that Bitcoin allows almost anonymous transactions which makes it even more independent and its users more satisfied.
newbie
Activity: 115
Merit: 0
Of course, cryptocurrencies help in the development of business. But now their role is still very small. There are still too few people interested in crypto currency. But at криптовалюты there is a big potential, and in the future it will be very demanded by world business. I am sure about that.
jr. member
Activity: 182
Merit: 2
Not just expand but to evolved the way on how we think about business. Lets hope that this situation will change in the nearest future and blockchain will allow to develop universal solutions that would benefit the security and speed of business activities. There is an opportunity to transfer large amounts or what we call it import or export  with less taxation, which improves the conditions for doing business outside the country by the means of cryptocurrency we need to come up with the idea in how to create a transaction to a whole new level.
full member
Activity: 1218
Merit: 112
Cryptocurrency has been helping to expand world business, many people have become millionaire by investing into bitcoin, so it is definitely contributing to expand world business. If an individual's income would grow because of cryptocurrency, he will certainly expand his business.
newbie
Activity: 160
Merit: 0
Yes, I think encryption is helpful to the world economy. It is not only helpful, but I think encryption can change the existing order of the world economy. That's what the bank is worried about.
newbie
Activity: 27
Merit: 0
Cryptocurrency really help to expend the world business both locally and internationally,because many people begin to aware and familiar with what is call Cryptocurrency is all about in their domain.
hero member
Activity: 900
Merit: 503
Now a days business and product is for all. Every country exchange their core product with other countries to meet theit demand. What you think Is cryptocurrency help to expand the world business?
The only evidence of participation of cryptocurrencies in the expansion of businesses is that some services accept payments in bitcoin.
I hope that this situation will change in the nearest future and blockchain will allow to develop universal solutions that would benefit the security and speed of business activities.
full member
Activity: 448
Merit: 232
Now a days business and product is for all. Every country exchange their core product with other countries to meet theit demand. What you think Is cryptocurrency help to expand the world business?

Yes, bitcoin helps to expand business around the world. For entrepreneurs, the benefit lies in the absence of commissions and the speed of transfer, they do not have to wait for a banking day to get money on their account. Today, we can often meet a small business, such as farming, tourism, restaurant business, accepting crypto currency. Thus, bitcoin economy is built not only at the global, but also at the local level.
hero member
Activity: 2912
Merit: 642
Internet is worldwide so it is easy to say that it can be used all over the world.
Crypto currencies is glued with the internet and you cannot erase that.

So every business who wants to go international can somehow make it easier. The reach of a business and making faster payments can be made with the use of crypto and also it will be better than typing a 16 digit code of your credit card right? Here you can create just a QR code and every transaction can make it through faster.
newbie
Activity: 68
Merit: 0
The technology blockchain itself can expand the world business. As the technology can be applied in supply chain system and also in banking system it is increasing the efficiency of the whole process also eliminating needs of some expensive materials in those system thus boosting the market process as well as expanding business.
legendary
Activity: 2982
Merit: 4193
Cryptocurrency won't solve the problem with the shipping for physical items. Shipping can get pricey for shipments not within the country of origin. The fees can't be reduced because of cryptocurrency. Its a different story for digital goods though. Given how fast and cheap Bitcoin is, most people are able to purchase goods at a greater convenience. Trade bans probably won't apply in that case. Doesn't really bridge the gap all that much to be honest.
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