Effects of Cryptocurrencies on Global Economics: A Review Study

The features of a new global economy appear stronger and faster than the changes recorded by throughout history, “Covid-19” pandemic has accelerated these transformations, achieving on ground experience to deal with digital payment via credit cards use online applications, it marks beginning end era paper currencies. And trend towards investing in crypto currencies part investors, conjunction competition countries around world win issuance first currency issued central banks. There are many questions about replacing gold or dollar rapid transformation that trends economy, number cryptocurrencies reached 4337 market value $ 1.003 trillion, “Bitcoin” holds largest share 66% 664 billion. Despite official warnings against unregulated currencies, fintech startups witnessing surge demand from consumers who rushing invest amid great interest momentum Bitcoin. Like Revolut, eToro Luno, cryptocurrency surged their platforms resurgence Bitcoin prices.