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Influence of Cryptocurrencies on the World Financial System

by Fredrick Gitaka
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Cryptocurrencies represent an easy and secure form of payment without the need to pay any additional surcharge. Therefore, a virtual currency simplifies the applications of financial systems, through multiple alternatives on computers or technological mobile devices, where from a private key associated with a public key, virtual operations can be performed at the same time, These virtual currencies cannot be counterfeited and User-to-User transactions are guaranteed to be carried out securely as they are kept under Blockchain etoro gebühren.

Therefore, the use of cryptocurrencies is gaining more and more strength for the acquisition of products in different international online stores. In this sense, virtual currencies (also called cryptocurrencies, virtual money, or digital cash) are essentially unique, generally encrypted, computer files that can be converted into a government-backed currency, or vice versa, to purchase goods and services from vendors. that accept virtual currencies

Therefore, these virtual currencies can be purchased online using a virtual “wallet”, PC or smartphone and, in some states, at kiosks and stores. Some companies accept virtual currencies as exchange currency, others accept to exchange them for cash and can even be bought as an investment.

Too; It helps to expand the billing possibilities of companies, as well as the possibility that the user make payments for services anywhere and using only their cell phone, since its use is widespread; More possibilities open up for the consumer. Until now, Bitcoin cryptocurrency is a peer-to-peer technology that enables cryptographically secure online transfers directly and without the intervention of any intermediary.

Consequently, the economic system is currently immersed in a cycle of extraordinary technological innovation, based on the pillars of interconnected and mobile telecommunications and equipment in the cloud, which significantly reduces investment in the purchase of computerized systems. As time passes, society uses hyperconnected and super intensive systems through the Internet where all human activities are currently processed. In this context, cryptocurrencies will have fertile territory to try to take over the financial system in terms of transactions and saving power.

Therefore, the growth of activity in the financial market with the implementation of the new virtual monetary system has its importance as a differentiated service to pay for online purchases that is gaining strength today. In this sense, in the world market, people are willing to pay for their online purchases with cryptocurrencies. In such a way that cryptocurrencies move more and more within the economy, from a flourishing market with the intervention of technologies. As the excitement continues in the market, you will see more and more public companies turn to cryptocurrencies, buy affiliate projects, create new business models, release press releases, or anything else.

Today, Bitcoin is the cryptocurrency with the highest value, and more and more people and companies use it as a means of payment, for the exchange of goods and services such as telephony, web hosting, gift cards, legal advice, tourism and many more. . Already many countries are adopting Bitcoin and creating their own cryptocurrencies, the future of the global financial system is in the hands of this new technology that is growing at a dizzying rate every day, and towards the extensive use of these is that the world market is targeting

For informational purposes only, the information does not constitute investment advice or an investment offer.

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