Cryptocurrency usage will boost economy or make it worst ?

[Blackdeath]

I think cryptocurrency usage will definitely boost the economy of a country because it can reduce unemployed people that rhey could have jobs to provide the things that they need and pay their bills, so it could also solve poverty in a country. Other countries will definitely assume that crypto will be bad for the economy because it is being used for illegal activities but they didn't know that it can also help people for their financial issues.

[arrmia11]

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

Yeah you're right actually your idea was good why they don't try to use crypto or btc as a payment method to avoid paying higher tax, because just like you said tax will go to the government and what if the government is corrupt then most of tge taxes has been corrupted by tge government. Then the tax that you pay for was useless.

[Pamadar]

I don't think there is a possibility of large corporations adopting cryptography for their payments with the intention of evading taxes. The Governs would look for ways to tax cryptocurrencies some tax. I think that developed nations would not stop using fiat for cryptocurrencies. What I have seen is nations with economic problems and inflation with the interest of using cryptocurrencies.

Strong nations will continue supporting the ways of their financial system, while those who are struggling they will look for other things that can help them up building their financial sectors. Everything will depends with how capable the government to govern and regulates crypto system, if the intentions is to use it for supporting their system to create quicker transactions it will boost the economy as its really being use the right way.

[conected]

I think cryptocurrency usage will definitely boost the economy of a country because it can reduce unemployed people that rhey could have jobs to provide the things that they need and pay their bills, so it could also solve poverty in a country. Other countries will definitely assume that crypto will be bad for the economy because it is being used for illegal activities but they didn't know that it can also help people for their financial issues.

- The unemployment rate will not be easy to reduce with crypto when you can see the difficulty level of the jobs here, often require relatively good skills and very strong competition, a country can only have a small number of people succeed in crypto, and I have not calculated the number of people who can know about crypto in a country, so the economic development of a country cannot change based on crypto. However, cryptos have good economic support for those who know how to invest and spend their time on it, we are here probably an example that is very standard in terms of financial improvement