Topic: Why cryptocurrencies necessary in today's world (Read 452 times)

All my strings are attached with crypto currencies for only one thing, and thats getting more profit out of it and stabilise my life further. I am frankly speaking why I am here and I think that answers all your questions in single shot isn't it! I mean im the guy who have no real idea of the technology here but I like to think its advancement that is going on right now. Just for the benefit of my own profits. I do believe that once for all everyone do think about the crypto currency in this way only. So thats why they are necessary in this world currently.  

Normally not everybody know much about cryptocurrency, and there are still some novice that there mind still get dividing whether to join the cryptocurrency community or not, but i see a lot of potential in cryptocurrency,This is very helpful to the business world to improve the efficiency of the financial side and also improve business tactics.

At first, cryptocurrency is not necessary at all in the first place, but since the growth is unimaginable and the use and purpose of each coin be denied that it is useful and since there is such use of Bitcoin I think it can help the improvement of everyone's way of living plus some factors when it comes to transaction it is helpful in everyway.

You have a point. For me crytpo currency are made to help people especially in financial aspects. Crypto is also an another source of earnings especially those who already had a job, so in other words cryptocurrencies is such a wonderfull blessing for us.

I think because people more know about cryptocurrencies and the advantages from them. So, it's possible to make them as necessary in the world. It's good basically for look at the future.

The market is a serious industry that has become a source of earnings for many modern traders. The unstable course of cryptocurrencies led us to what we have today, some love Bitcoin, while others hate it.

You all must be knowing that the federal reserve of USA controls all the money in the world. There are also rumours that rotschild family is also behind controlling the world's wealth. There is no governing agency which can monitor what federal reserve is doing with the money so there was a need of introducing an alternate currency which could combat the ever increasing inflation. Hence, cryptos came into existence.

The world needs a safer trade and a more reasonable and fair monetary system.

The emergence of digital cryptographic currency is an attempt, it is a failure and successful experiment!

The problems in the financial system are no longer able to cope.

The crypto economy is called the balloon, but the main balloon is the current financial system. The only way to change is cryptocurrencies.

It's a big technological breakthrough that may evolve into something really big and important. Now cryptocurrency hasn't too much sense in the whole world but late it can mutate into something really useful.


All that stuff about 3rd party is ridiculous, it's simple utopia for newbies.

Well the benefits of crypto currencies are obvious. Every men is for himself, there is no third party involved in money transfer and payment which leads to lesser taxes. It is and ideal world though, where this system doesn`t get hacked or anything like that.

Thank you for this example of practical use of the crypto. This proves for me what I was expecting. I think that the best use of crypto can be in developing countries at first. It will give more freedom to the companies working there. I have heard about some companies working in Brazil and adapting crypto to be able to operate with neighboring countries. This is how you can see the benefit of crypto. No borders, no delays in payments, small fees

I think the benefits of blockchain technology are more than just digital assets. An example is in Africa. In the field of land administration, two startups in Ghana are testing a blockchain solution. Benefits of blockchain for a national land agency can allow people to locate, manage, and verify property and land documents such as surrounding development plans, and ownership. Blockchain is beneficial for a universal, transparent, unchanging Digital Land Registration System and bridges the gap between government and undocumented areas. That's why a lot of big companies are getting interested in using this technology.

Blockchain seems to be potentially used in lowering the cost of verification when offering remittance services. Money transfer services continue to grow, some blockchain-based financial services can help complete cash transfers quickly at very low cost. Cashmakers can choose the amount to be transferred in their currency and the amount to be received in the recipient currency. Maybe Western Union or Moneygram does not support it, but I think the world needs it.

Why Cryptocurrencies are neccesary in today's world?
The inequity and lack of transparency in the work of modern centralized financial institutions require the implementation of reforms. One of the variants of reforms is the introduction of cryptocurrencies in the modern economy.

What is the real world of these cryptocurrencies?
A good example at the moment is Japan. There, cryptocurrencies are accepted as payment in hundreds of thousands of stores and service centers.

Why are traditional assets and currencies are not enough?
Disadvantages of classical assets and currencies: lack of transparency, one controlling authority, monopolization in the field of non-cash transactions.

What is the benefit of having a bitcoin over a dollar or any other currency?
The advantages of bitcoin: the decentralization of the database of all records, the full transparency of all transactions, the unavailability and unreadability of fictitious records in the blockchain, the limited issue.

Where do we use these Cryptocurrencies in today's world?
As a means of payment and means for investment.

What benefits does real cryptocurrencies give you?
Independence and equal rights and opportunities.

Why are you excited about the introduction of digital currencies?
Because you understand that you are participating in the creation of the future.

Cryptocurrencies are needed because now the world needs a better and faster way for transaction and the time of fiat money is coming to an end and we have to go digital which is where cryptos come in

I think we are new in the early stages of cryptocurrency. Technological evolution will always happen. If you have ever received or sent money between countries through a conventional bank system then you will be grateful to know crypto. But maybe some weaknesses are also a problem that blockchain has not really been able to replace the current banking system.

Blockhain has transaction costs that tend to be low when compared with conventional currency rates. This is very helpful to the business world to improve the efficiency of the financial side. It may seem trivial, but this is just the beginning of the mine, so I'm sure this technology will be completely adopted in the future.

The benefits of a very large blockchain technology are not limited to currency transactions alone. An example is Bext360 utilizes blockchain technology to manage automatic payments that evaluate products - cherries and coffee - negotiate prices and transfer digital money. The Company makes direct digital payments to all stakeholders in the supply chain, including farmers, communities, banks and other parties. Benefits of blockchain on this system by tracking goods from source to final consumer. This allows customers to interact directly with farmers. So sooner or later this technology will replace the current system.

Opportunities created by blockchain are more efficient business processes. Blockchain can serve financial transactions whenever and wherever there is no time and space restrictions. With this, business processes can be done anywhere and anytime. Examples such as RTGS transactions that have a certain time limit and can not be done on holidays but blockchain can be a solution of it. Surely this will greatly provide time efficiency in the business world.