Cryptocurrency is a digital currency in which transactions are authorized, and the records are maintained by an interconnected information system rather than a single authority. Some people say that cryptocurrencies will change the world for the better, while others say that they will negatively impact the economy.
Since Bitcoin made its appearance in 2009, its price has risen from zero to approx. $49,000 in early December. Cryptos enable digital transactions between two parties without involving any regulatory agency or intermediary. This manner of transactions defies the established norms of financial transactions governed by the central banks.
Watch This Video to Know Cryptocurrency Can Change the Global Economy
We need to look into some other aspects before concluding whether cryptocurrencies can change the economic order. Till then, stay tuned!
