What Now: How Cryptocurrencies Can Strengthen the Global Economy and Pave The Way For A Better Future

What Now: How Cryptocurrencies Can Strengthen the Global Economy and Pave The Way For A Better Future

Cryptocurrency is a type of digital asset that was created using cryptographic techniques to allow people to buy, sell, or trade them securely. Unlike traditional fiat currencies that are controlled by national governments, cryptocurrencies can exist without the intervention of a monetary authority such as a central bank, digital money that is usually decentralized and created for online use. Following their introduction, cryptocurrencies have expanded as electronic substitutes for fiat currency during the last ten years. Cryptocurrency transactions are increasing in the Philippines as more people use digital currencies for payments and remittances. The value of cryptocurrency transactions increased 410% between 2019 and 2020. Increased cryptocurrency adoption can also be seen in the traditional finance sector's growing acceptance. CROSSBORDER TRANSACTIONS IMPROVED BY BLOCKCHAIN Blockchain technology has the potential to revolutionize international money transfers. By using encryptio…

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