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The World Has Start To Recognize The Power Of Cryptocurrency

Joe

Active member
SEE HOW: The world has started to recognize the power Of bitcoin and other cryptocurrencies as the economic sanction placed on Russia deepen

While our focus here is more on Bitcoin, Bitcoin being the digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them

Ever since the sadly full-blown war going on between Russia and Ukraine and with the sanction placed on Russia, Russia's economy has started to fall, but the price of bitcoin in that region has continued to increase, as many Russians now turn to cryptocurrency as means of payment and receiving payment across the world


Cryptocurrency bitcoins that was created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 200,000 merchants and vendors accepted bitcoin as their payment.

Bitcoin is digital money that you can use to pay for things online. It's been around since 2009, and it's getting more and more popular. Some people think 'crypto' might be the future of money, while some are of believing that crypto is already the future of money

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Sadly with the ongoing war between Russia and Ukraine, it seems the world has started to recognize the power of cryptocurrency, bitcoin, and all the other coins available to the global community today

That the effect on war sanctions against Russia has made a lot of people start switching more of their money to cryptocurrency as many personally say, they can't trust traditional banking anymore

To some, if the government can wake up one day and block someone finance in XYZ banks, block a group of people or a country from making purchases across the online world, and even cant deposit and receive payment using the traditional banking system, then one has to move to crypto

Just as what is going on across Russia, if government from someplace can block and eventually removed an entire country from world trade, buying, and selling online shutdown, then the system is questioning.

With all these government influences on one's currency, how can one tell if we all will not wake up one day in the future and discovered we can not access our finances because of government sanctions or policies.

With this ongoing across Russia and the aftermath of the sanctions, many people are now beginning to think crypto in what they now tag the power of cryptocurrency. Then even in buying across the internet such as from eBay which has started accepting crypto transactions, as well other thousands of platforms now accepting crypto transactions

People are now beginning to consider crypto as their primary method of payment than using a card or bank transfer across the globe

And again, what the Ukraine invasion by Russia sanction has created across crypto is that it has increased mass adoption in the imminent crypto market as more people are begging to use bitcoin, after seeing how powerful crypto can be in such a global financial sanction to a particular country

More people believe no government or person can freeze crypto that is already in your wallet and as long as there is the internet, crypto will continue to work globally. So to understand another thing that makes crypto good and powerful is that the users are the bank and the internet is then the messaging system

And is now more important that one should learn to divide his or her financial holdings into a variety of different crypto, by having multiple wallets for each crypto than having traditional banks accounts that can easily be controlled by the government
 
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