[PDF] impact of cryptocurrency on society

How will cryptocurrencies affect our economy?

Eventually, if cryptocurrencies start to play a major role within our economy, we can see these currencies not only alter trading dynamics, but more countries and business organizations will be able to create more import/export services through the stability of the prices rationed through cryptocurrencies.

How is crypto affecting global society?

Cryptocurrency is a new emerging technology which is revolutionizing the way people make monetary transactions. Crypto has affected global society in both positive and negative way as discussed below: Increasing usage of Cryptocurrency is economically integrating the global society. Currently, the world is divided in terms of different currencies.

What are crypto currencies and why are they important?

Cryptocurrencies have been discussed and spoken about for a long time but are now emerging as financial assets that are more accessible and useful. Cryptocurrencies have the capacity to facilitate more convenient access to capital and financial services, which can allow social and economic growth in developing countries.

Why did cryptocurrencies evolve?

The evolution of this coin is due to the economic reality lived in the last years on the world. Cryptocurrency appeared in 2008, weeks after the economic crash emerge, with an e-mail sent by Satoshi Nakamoto presenting a dazzling computer program, an algorithm called Bitcoin (Varoufakis, 2019).