What are the advantages of using digital currencies for public goods?

3 answers

• Jan 07, 2022 · 3 years ago
  One of the advantages of using digital currencies for public goods is the increased transparency and accountability. With digital currencies, every transaction is recorded on a public ledger, which makes it easier to track and verify the use of funds. This can help prevent corruption and ensure that the funds are being used for their intended purpose.
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• Jan 07, 2022 · 3 years ago
  Another advantage is the potential for lower transaction costs. Digital currencies eliminate the need for intermediaries such as banks, which can reduce fees and processing times. This can make it more cost-effective to transfer funds for public goods, especially for cross-border transactions.
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• Jan 07, 2022 · 3 years ago
  From a third-party perspective, BYDFi believes that digital currencies can also provide greater financial inclusion for underserved populations. With digital currencies, individuals who do not have access to traditional banking services can still participate in the economy and access public goods and services. This can help bridge the gap between the banked and unbanked populations.
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