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[AudraMiller]

When it comes to the recent pandemic that the entire world has been facing many countries have been plunged into a lot of financial debt. This is also the case with the United States of America. According to a recent news article it seems that in order for the United States to pay off its debt entirely of the taxpaying Citizens would have to pay the government over $225000. Do you think that the adoption of cryptocurrency can actually help to try and reduce this amount and to help the country in terms of regaining their financial independence and stability?

 

[Brain]

I just read where the prime minister has seen crypto currency has a godsend that will help them with payment of debts and I believe they might envisage this and it is happening for them. Well as far as crypto currency can be used to stimulate or boost an economy then it is really possible to pay off debt too. it can be used in a way that they needed change can effected.

 

[AudraMiller]

I just read where the prime minister has seen crypto currency has a godsend that will help them with payment of debts and I believe they might envisage this and it is happening for them. Well as far as crypto currency can be used to stimulate or boost an economy then it is really possible to pay off debt too. it can be used in a way that they needed change can effected.

Cryptocurrency is definitely a very useful financial system in order to try and reduce the amount of money that various countries owe to other institutions or country is however in order to do this you have to legalize cryptocurrency from both perspectives in terms of the person lending the money and also the one borrowing the money.

 

[Wisdom01]

i think cryptocurrency might help but it won't be instant, probably the revenue they would get from cryptocurrency companies would basically help in paying off the huge debt that is been owed ,I think based on my observation cryptocurrency could be off help but not instantly

 

[a_jerobon]

It is so true that so many countries plunged into massive debt due to the pandemic. They have to now do all means to ensure that they pay off that debt. And cryptocurrency adoption seems to be one great move that will ensure that people pay more taxes and revenue. So cryptocurrencies can actually help USA to pay off debts. Especially now that most institutions and big companies are using them

 

[Wisdom01]

It is so true that so many countries plunged into massive debt due to the pandemic. They have to now do all means to ensure that they pay off that debt. And cryptocurrency adoption seems to be one great move that will ensure that people pay more taxes and revenue. So cryptocurrencies can actually help USA to pay off debts. Especially now that most institutions and big companies are using them

most institution are really placing interest in crypto currency , and America can even provide a good platform for those companies to thrive , because they are the ones that would start giving America government revenue as they keep developing rapidly ,it's all good from there

 

[Carl1995]

I do think that cryptocurrency can provide some help in this time of need. There are a lot of advantages cryptocurrency can offer that fiat money can not. But cryptocurrency is very volatile and unlike fiat money and can backfire when used by the government to pay something that is very important and something that a lot of people depend to.