impacts off cryptocurrency

[Fretcy]

Crypto currencies have the capacity to change the socio economic and financial conditions of the world, this crypto currencies gives a sense of financial freedom to the users unlike fiat currencies currently there are more than 800 plus crypto currencies available in the crypto market. Bitcoin is the first crypto currrency and all other crypto currencies are  created in the form of bitcoins but an advanced form of bitcoin crypto currency. Crypto currency is making the whole world move to a digitized world making the online payment transactions world wide easily through the crypto graphy network without a third party involvement.

[malikusama]

No doubt cryptocurrencies have a strong and positive social and economical impact in the world. Two major Reasons are as below.
1. Cryptocurrencies are convenient in use and more secure than other online payment services, this make the traders or business persons to process their payments safely.
2. Cryptocurrencies have provided many earning opportunities and thus reducing unemployment, a massive community is now earning through it irrespective of age, gender or religion.
However you are right that some of the countries are still struggling for the basic needs of their people and majority of them  don't have access to internet so use of cryptos would be useless for them.

[kimochidesh]

How will it change and affect our our daiy lives?
It may increase our Earning and spending capacity. Therefore it may strengthen our economic condition.
But biggest hurdle which I think is that limited tech. accessibility in backward areas. Basic Facilities like the internet connection is missing in third world s could we expect them to be a part of this technological revolution.

[Wonder_woman]

How will it change and affect our our daiy lives?
It may increase your Earning and spending capacity Therefore it may strong our economics.

That's right. Theain reason why people subscribe btc is because of the benefits btc have and will give us. The best impact bitcoin gives to people is have their better and good improvements in life.

[Yatsan]

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

I am not sure about the social kmpact, maybe it is connected tith the transactions. Payments an be sent through online with the use of bitcoin. Economic impacts of Bitcoin has to do with the profit that its users and investors are earning. Bitcoin is profitable in different ways making it a desired investment for its users.

[mattmct]

I doubt that politicians will want to implement blockchain technology. Many of them are in power only because of election fraud. As to the cryptocurrencies this is a good way for poor countries to have salaries at the level of the which is produced in the developed countries. But it requires certain skills that do not have people in poor countries. Now education has a real price.

There is a difference between the blockchain and bitcoin, banks and governments are fine with the blockchain and are in fact making their own research on the subject but they hate bitcoin, bitcoin is a threat to them for the simple fact that is something they do not control, bitcoin is going to give true freedom to people and that is what they fear more than anything.

The impact of crypto currency is on the all paper currency because paper currency does not give some unique qualities that crypto currency provide such as; the high value pumps of the bitcoin, the high market value of the bitcoin and the most important one is the high security of the bitcoin. Also the easy transfer of the crypto currency and cheap rate for transfer. These qualities make people bound to use bitcoin which directly impact paper currency. The impact on paper currency directly impact the banks trade all over the world.

[AriannaSantosUU]

I think one of the most significant impacts of the cryptocurrency is decentralization of money issuance. Government does not control cryptocurrencies and they has no power to regulate the cryptocurrencies.

[Drixy]

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

Ease access like the worlds internet. No hassle Confidentiality, Anonymous. Fast transactions controlled by the founder alone . The country will try to regulate some of it but it doesnt matter as long as it still working and miners are the heart of it especially to bitcoin miners are the only one that is making bitcoin work.

[SamsungBitcoin]

I think crypto currency has a big impact in social and economic of every country, many people are now being aware in decentralized currency by the help of social media and also the economic growth of one country will being fast and stronger. Government cant control people to used and earn in bitcoin.