Cryptocurrency could benefit the world's economic welfare?

[frowsiter]

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

Crypto currencies are far from what is being imagined in that article here. I think crypto currencies are not capable of doing that because they themselves have no solid support. Leaving behind the whales I can only see weak hands everywhere who use bitcoin and crypto's as medium to earn money and nothing else. As long as it doesnt end up having real use it cant be used for the national development or so called welfares around the globe. That process will get executed later in the time and not just now. This world is yet to understand the best of its characteristic and then we can think about the welfare really.

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[davinchi]

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

It only says Canada. But how does Bitcoin benefit a country? I don’t really know how, unless maybe when the major investors are coming from that country, they can be the ones bringing in profit to that country or maybe their government planed to start investing in cryptocurrency, or should I say that they want to start mining just like I heard that Russia government were setting up a Bitcoin mining farm. I don’t know how exactly it is going to benefit the economy of any country apart from these things I have mentioned.

[julzcoinbit]

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

These can be effective once a particular country accepted cryptocurrency as a legal tender. And every Governments In a country wants to Improve their economy amd If they found potential Into cryptos, there Is no reason why they wouldn't adopt It and used for particular cases.

[magneto]

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

Is cryptocurrencies, or just bitcoin going to improve the US and Canada's economic welfare or condition all of a sudden? I highly doubt it.

Bitcoin is useful as an international and global currency with no central bank. I don't think that it's true to say that the United States and Canada's economy depended on cryptocurrencies, or that they are going to drastically improve due to it. Same goes for any other country, since bitcoin is completely stateless and there is no central entity controlling it the way fiat is controlled.

Bitcoin does benefit a range of people, regardless of their country or nationalities. For example, unbanked people can be helped greatly as bitcoin provides a means to save. Workers from remote regions can connect with global employment opportunities. etc. etc. It's not just restricted to countries.

[Altf4]

That is very true about cryptocurrency,it would benefits the world economic welfare, especially to the economy that is suffering from economic crisis ,cryptocurrency is of great help to the jobless people.

[d0flaming0]

That is very true about cryptocurrency,it would benefits the world economic welfare, especially to the economy that is suffering from economic crisis ,cryptocurrency is of great help to the jobless people.

well it has some point, but it wouldn't be that easy since implementing such currencies needs to be process and it takes a lot of work to do before it will be finalized, and as usual there are lots of arguments that will happen uponthe process that will make it long before it will be fully regulatef to a certain country and in addition those who will keep on criticizing crypto, that makes it hard.

[Mhd-Bobbi]

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

I think that does not work for the whole world. Only in countries, with people who also own crypto, benefit from it. There are certainly countries in which people have little or no cryptocurrency, since in these countries the internet is barely or not at all available. Such countries do not benefit from crypto. You can also put it another way. The rich get richer, the poor stay poor. I think cryptos too can not do much about it. If it should be different, I would be very happy if the whole world has something of it. 

Yes Because there are several countries also prohibit the use of crypto. And I don't think it's possible to help them solve their economic problems. Like my country. Many crypto users in my country. But that cannot change their economic life.

[Quinni]

At least in 2017, people who invest in encryption have made a lot of money, which indeed brings a lot of benefits to investors. We are also very grateful to BTC.

[jhon15]

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

According to what I expect is very suitable if the statement about Cryptocurency is really beneficial for everyone, now it can be said that everyone joined Cryptocurency because indeed It is very worthy to be used as a source of income for our economy

[Popov_popov]

If the state is involved in the crypt, this is how much it can earn for its country.

[charlzyeby]

There are some countries with pretty bad economic welfare but a good number of their population may never get access to the internet or cryptocurrencies or even understand the whole idea of cryptocurrencies. How will these countries benefit specifically from cryptos?

[just_Alice]

If the best economic improvements can be made in case when there is only digital currency, but no fiat currency then cash should be removed from world's circulation. If some countries are completely cryptocurrency accommodated while others only have cash money transfer systems it may cause some issues in export/import practice, like what currency should be used, which exchanges and what fees should be paid for transactions, etc. On the other hand - what changes if most of the countries just replace one currency type with another? Anyway, I think it's US and Canada for now because not every country can deal with cryptocurrencies and turn their implementation into economic gain for the government, as with the new system simply some private banks can do manipulations faster, than the government and take over the business.

[mrcash02]

I totally agree that Bitcoin and another digital currencies can benefit individuals welfare from the financial point of view. As you know, Crypto-Currency opens a new world that wasn't disponible before for many people. In this new world the offers are more accessible for you, with zero bureaucracy.

It means everyone can have access to more profitable investments they hadn't before on their countries. It means there are more job offers, new sources of money disponible, new kinds of markets to be explored... In the end, all these points are reverted into economic welfare, as the individual makes a good use of the opportunities.

[bizarro]

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

In my opinion the biggest opportunities are held in the hands of people, bitcoin and cryptocurrency is just a tool with help of which we can both destroy or improve the existing economic system but the last word is in our mouth.

[ExtremeFacials.com]

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

In hands of wise and young economic experts cryptocurrency is able to create and develop miracles, just like this small village in Japan, who are totally functioning on blockchain and crypto!

[paynercash]

Actually they also have their own digital systems but the journal or the article doesn’t mention about blockchain, cryptocurrency that (which in general) using blockchain is inversely proportional to the centralized bank system, and what needs to be highlighted next is the node problem in each branch that must be qualified to store more data.

The press and the media do not talk about Blockchain really is a disadvantage for those who do not know it. By the blockchain era, brought in many different colors and many applications in life. In the future, I think the machines will work for human beings. The same goes for electronic money that comes with many benefits for the community: profit, online transactions, fast and inexpensive. It will promote the world economy is certain.

[Anamika143]

Is it really true that only Canada and the United States will get financial welfare through Bitcoin? Because many countries are currently using Bitcoin for various purposes. Bitcoin is being used all over the world and every time many countries and people are joining in bitcoin. That is why Bitcoin is a global online currency and it will bring economic well-being around the world.

[redsun114]

Is it really true that only Canada and the United States will get financial welfare through Bitcoin? Because many countries are currently using Bitcoin for various purposes. Bitcoin is being used all over the world and every time many countries and people are joining in bitcoin. That is why Bitcoin is a global online currency and it will bring economic well-being around the world.

Not only to UK or US rather every country or every single person who is involved in bitcoin now, could be able to earn profit from it. We people often start believing over wrong statements and fake news, but sensibility must be shown in this regard. This decision could be valuable addition to your life but on same level it could be destruction for you too.

[pimkobai]

I think it's not only US and Canada could benefit from the cryptocurrency market. I believe this can benefit also other countries in Asia and other parts of Europe and Africa. Cryptocurrency is an opportunity for the people to get involved in the field of mining, investment and joining bounties where many people are participating to earn profit.

[binghope]

Yes, if applying BTC in many areas, it is very useful. If there is a rule that allows BTC to only vibrate within that range, it is great to bring the BTC closer to our lives.