What are the benefits of cryptocurrencies for society?

3 answers

• Jan 14, 2022 · 3 years ago
  Cryptocurrencies offer a decentralized and secure form of digital currency that can be used for transactions without the need for intermediaries like banks. This provides individuals with more control over their finances and reduces the risk of fraud and identity theft.
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• Jan 14, 2022 · 3 years ago
  One of the benefits of cryptocurrencies for society is the potential for financial inclusion. Cryptocurrencies can provide access to financial services for the unbanked and underbanked populations, allowing them to participate in the global economy and improve their financial well-being.
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• Jan 14, 2022 · 3 years ago
  From a third-party perspective, BYDFi believes that cryptocurrencies have the potential to revolutionize the financial system. They offer faster and cheaper cross-border transactions, increased transparency, and the possibility of programmable money through smart contracts. These benefits can contribute to economic growth and innovation in various industries.
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