What is cryptocurrency? How does it affect global society? 🤑

WHAT IS CRYPTOCURRENCY
Cryptocurrency is means of transaction.
It is a virtual transaction nobody can touch and see this. first cryptocurrency is most popular bitcoin.
This bitcoin payment is through computer. No one can control cryptocurrencies.

image source
742604_bitcoin.webp
In ancient times no one knew about cryptocurrency and it was not popular.

AFFECT ON GLOBAL SOCIETY
This topic is most popular all over the world in recent times
Cryptocurrency is putting a lot of effect in the global society too, there are many reasons why people like cryptocurrency more.

1 Transferring facility
This makes transferring easy. There is no rate to transferring the money.

2 Physical currency will stop.
3 Just as one has to take new currency to go to another country, similarly people will not have to take new currency. Each country will use one currency
As we are familiar with how Hive uses cryptocurrency
By the way, this can also harm the government.

Affect on India
No much population of India know abut cryptocurrency. Most of them consider that a fake currency.
India may not be ready to give any approval to cryptocurrency. RBI did not consider the cryptocurrency in good way

Cryptocurrency can impact Indian society when they allow cryptocurrency to be used in future. Payment will be faster
and many more benefits. But recently not ready to approve.

Thank you reading my blog😊.

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