What are the advantages of using ECU over Euro in digital currency transactions?

3 answers

• Mar 20, 2022 · 3 years ago
  One of the advantages of using the ECU over the Euro in digital currency transactions is its stability. The ECU is a basket currency that includes multiple European currencies, which helps to reduce the impact of fluctuations in any single currency. This stability can provide a more reliable and predictable environment for digital currency transactions.
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• Mar 20, 2022 · 3 years ago
  Another advantage of using the ECU is its wider acceptance. As a basket currency, the ECU is recognized and accepted by a larger number of countries and institutions compared to the Euro. This broader acceptance can facilitate cross-border digital currency transactions and increase market liquidity.
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• Mar 20, 2022 · 3 years ago
  From the perspective of BYDFi, a digital currency exchange, using the ECU can offer diversification benefits. By supporting transactions in ECU, BYDFi can attract users who prefer a more stable and widely accepted currency for their digital currency transactions. This can help BYDFi expand its user base and increase trading volume.
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