Hello my beautiful people!! A virtual hug, a pleasure to be with you, today we will talk about the related topic on Cryptocurrency Adoption, an interesting topic that I would like to accompany me in my article for today in the Steem India community

• Discuss the adoption of cryptocurrencies in the financial market and how businesses can be boosted through cryptocurrency transactions.

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Everything was born back in 2008 where the economic crisis affected many investors, where this crisis greatly affected their capital, in even taking it almost to bankruptcy, where although the governments wanted to help those investors, they could not achieve their tasks then the large investors were looking for another way so that their capital was not reduced at that time already in 2009 a man or company under the Satoshi Nakamoto's anonymity founded Bitcoin where big investors saw a tunnellight

Bitcoin is a fully decentralized digital asset executed by a blockchain, this allowed investors to work and invest in this digital currency where although they run on a public ledger had the power of anonymity Bitcoin as any new project that comes to the fore at first the big investors were skeptical, but they quickly understood that it was a solid project as the years progressed where today even though we are in a bearish season Bitcoin is the queen currency of all

The big investors understood that it had absolute power through these decentralized digital assets and that it was gradually adjusting to their needs, they understood that the power of reach that Bitcoin had crossed borders and that its method of negotiation and exchange was easy to execute.

Nowadays large investors as businesses have publicly adopted Bitcoin as a payment currency and that is reflected not only in traditional businesses but also in the sports field where today great athletes are collecting their salaries in Bitcoin we have reached a point where today Bitcoin has grabbed so much strength that already 2 countries have it as a national currency example the savior

And if we are going to analyze in a generalized way we see that Bitcoin has been a way of lifesaver for many investors where I return and repeat, even though we are at a point that Bitcoin is low we observe that its capitalization market the last 24 hours shows an active trade of more than 30 million dollars just to say an estimated amount

nowadays companies have been driven by cryptocurrency transactions where their business can transcend beyond borders where each transition can be made from any part of the world quickly, instantaneously and especially in low commissions these has driven the investor to have their business globally all these happen thanks to the blockchain and its public ledger where anyone can work freely thanks to this process where the investor was able to expand his capital without a doubt a lifeline for many

• What is your opinion on the global acceptance of cryptocurrencies for our daily transactions?

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The acceptance has been good even though it has been a constant struggle because there are still many people who believe that cryptocurrencies are still a scam and always bad news runs faster than good news and it is so and it is unfortunate if you do not ask those who had Terra luna who saw how overnight their capital did not cost anything and it is regrettable and it is so, but this is news that must be stressed as bad because many users accuse the owner of Terra as a thief because he is accused of sacra more than 80 million dollars in Bitcoin and not investing in moon let the project street in bankruptcy and this encourages many people to see cryptocurrencies as a scam and this is (bad news globally)

but if we go as good news about cryptocurrencies I have an example and that I am a participant in attesting to that and it is no other thing that happens in my beloved Venezuela where my country is a rich country, but we are having a bad time because we have the highest inflation in the world and eye is not a game that happens that the population of Venezuela has seen as cryptocurrencies has saved many Venezuelans to have a savings system through cryptocurrencies and you will ask me how Venezuelans saw the light at the end of the tunnel because more than half of the population uses cryptocurrencies to maintain purchasing power through Tether (USDT)

And it is that this cryptocurrency is traced to the US dollar and we have been a participant that keep our assets safe through the cryptocurrency and be able to keep our purchasing power stable and it is there that this is (good news)

The fact is that it has become our daily transaction throughout the national territory, I have even worldwide because as we all know that there are more than 6 million Venezuelans in a difficult migration process and that these Venezuelans who are outside the country send through the different wallets this cryptocurrency so that their relatives can make their daily transactions of any product they want

• Do you think the highly volatile nature of the crypto market is a concern for business owners?

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For no one is a secret that the cryptocurrency market is highly volatile and if we put ourselves to have already analyzed a little more in depth if it is something that is worrying for some business owners, since they will always have the 2 sides of the coins and what are that 2 sides the first is that if a business owner llamases (X) has invested and accepts cryptocurrencies as part of payment and this Currency increases the value of your capital obviously that business owner will be happy to have that method

But if the owner of a business sees that his capital is reduced through this method of cryptocurrencies, obviously he will not like it because nobody likes to be touched his pocket, the fact is that the one who is trading with cryptocurrency should always keep in mind that the market is extremely volatile and that trends are never forever

That is why business owners have to have and analyze that it is a market that cannot be controlled so easily, because for the simple reason that business owners must take into account that cryptocurrencies are a method of help, a method that allows them to expand their product, but taking into account that some owners have as a base of their capital always the national currency in circulation.

So there are many factors at play when it comes to some business owners taking cryptocurrencies fully as part of total payment, for that you must have financial advisors who always evaluate the volatility of the market making the best decisions to preserve the capital already stipulated.

And perhaps the answer will seem confusing to you, but there is something you always have to keep in mind that the cryptocurrency market is volatile and there is always an opportunity to take advantage of it if the right move is made and on time.

• What other factors currently limit the adoption of cryptocurrencies and how can it be resolved?

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Look there are many external factors that make that currently limit the adoption of cryptocurrencies in their entirety, although it is true that cryptocurrencies through blockchain is synonymous with financial freedom, there are many governments as great power want to make regulations through tax a clear example are the United States that through a decree law wants to implement tax on the use of cryptocurrencies this limits many people in wanting to use cryptocurrencies because the tax is related to restrictions that would be a key point

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Another key point is money laundering through illegal transactions as we all know, the mother currency is Bitcoin and this lends itself to large amounts of money can be laundered because each transition is anonymous, this point is in the eye of the hurricane, since it lends itself to make this type of illegal transactions of all kinds called arms sales drug sales and everything related to the mafia

Another key point is the security of wallets, although it is true that you are the owner of those keys, you are the only one who has access to them, but today computer crimes are the order of the day and these due to many attacks on users through this method called phishing this has led many people to be stolen in their wallets without the right to claims

Volatility is another point that plays a point of terror among many people because no one wants to see their capital diminished overnight and if you do not ask those who had moon and time has moon Classic this bad news of this coin implement more terror to the use of cryptocurrencies

• Discuss the pros and cons of cryptocurrency adoption by business owners.

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Advantages

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Decentralized asset, you are the only absolute owner of your capital where there will not be a third party managing your capital

Transition without borders where through cryptocurrencies you can make transactions through any part of the world

Anonymity thanks to decentralization we can have that anonymity in each transition made our data will not be revealed for any reason

Speed in transactions, every time we make a transition we realize that it is only a matter of second for the order to be placed, we should not wait so long for our asset to arrive from one place to another

Disadvantages

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Volatility of the cryptocurrency, this generates a lot of uncertainty in the people who own any crypto asset where this market is very volatile where you can general profit but also large losses

Loss of your keys, if this happens to you that you lose your keys it will be impossible to recover leading to see your lost assets where the phrase would be, end of the game

Exposed to computer theft where through phishing you can lose your assets without the right to say anything where you can do the extraction of your assets in such a way that you are bankrupt

Thanks for Reading

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