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[faribakhazaei]

A new Bank of America report suggests that banking and private digital currencies are likely to help the economies of developing countries growing. According to the report, digital currencies reduce transaction fees and allow for more economic activity in emerging markets. Meanwhile, one of the bank's executives noted that the use of digital currencies could reduce restrictions on financial services in low-income countries.

 

[LutherKing]

Yes , and users will be more prompt to invest in crypto currency rather than fiat and most banks and government of different countries always consider this point first

 

[SCAMEXPOSER]

Every innovations come with their advantage and disadvantages ,it is now left for people to scrutinize the best measures to adopt. I believe digital Currencies are the future and every country should adopt it

 

[Brain]

Well, I hope this is rightly stated so that I would understand the whole essence of countries like mine banning crypto currency and adopting the production of digital currency

 

[Wisdom01]

But I think the use of digital currencies would actually reduce the function of the banks and operation ,as people would save in digital currency to avoid tax

 

[a_jerobon]

I really love such statements that promote cryptcurrencies. They are indeed very beneficial to country's economy due to easing transactions and giving people and opportunity to earn more through investment. Countries would benefit alot from taxing them rather than banning.

 

[Balint098]

Some countries are having hard times with corrupt governments, political instability, natural disasters, and wars. Crypto, unlike the more conventional money system, can bypass all that.