Steem Crypto Challenge Month #4 : The Future of Cryptocurrency in Bangladesh and The WORLD

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First I want to give some information about cryptocurrency

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Cryptocurrency is a type of digital currency. Transactions using it are only possible online. Which completes the whole activity in a well-organized process called crypto. Cryptocurrency has a peer-to-peer system. It has no third party control. So no one else knows who is or will be exchanging digital currency with whom. However, its encrypted ledger controls all transactions from being risky. No country's government has the power to interfere in the value of cryptocurrency. So almost a few countries in the world have banned this currency.

Since cryptocurrency transactions take place directly within the customer. So you can get rid of different types of troubles. This is because an additional fee is paid to the third party when the transaction is done through a third party. Also different conditions have to be met. It is possible to exchange money through cryptocurrency by paying the minimum charge. You will be able to complete your financial transactions in different parts of the world very easily.

Cryptocurrency was 30 billion when the crypto market cap. Then Bangladesh Bank will have to legalize crypto Bangladesh to release two to three trillion market cap (that has already started. When the crypto market cap is above 30 30 billion) and by 2027, Bangladesh Bank will continue to deposit cryptocurrency as a reserve by other banks. But by then it will be too late and Bangladesh will lag behind in a huge way.

There is a lot of potential in the future with stingy currency. For example, before 2035-40, there will be no currency in the world to say American dollar. Instead, the American government will release any dollar-denominated crypto market. Since most of the world's currencies are related to the American dollar.

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There are advantages and disadvantages to whether cryptocurrency will survive in the future.

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The advantage of cryptocurrency

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Cryptocurrency transactions since take place directly between the customer and the recipient. So you can get rid of different types of troubles. This is because when a transaction is made through a third party, the third party providing the service has to pay an additional fee. In addition, different conditions have to be met. And if money is transacted through a third party banking system, it is possible to exchange money through cryptocurrency many times faster than it can be done. By paying the minimum charge, you can easily transfer money from one end of the world to the other.

Cryptocurrency exchange rates fluctuate. So there is an opportunity to make huge profits by trading through cryptocurrency. And it is possible to transact money through strict security through this cryptocurrency. Which is impossible through any other means. There are many such benefits in cryptocurrency.

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The disadvantage of cryptocurrency

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It is very easy to make illegal transactions through cryptocurrency. So analysts are taking this aspect very seriously. Because it is not possible to track transactions here. And how will it be possible to tell, where the address is available without name and address, it is not possible to know where it is coming from. Cryptocurrency is everyone's first choice when it comes to buying drugs, weapons or anything illegal on the Dark Web. Again, if someone wants to earn money illegally and smuggle that money, then they can use this cryptocurrency, which is a punishable crime in the eyes of the law.

So there are doubts about whether cryptocurrency will exist in the future at all.

Bitcoin ATM in Zurich, Switzerland - Photo: Reuters

Despite all this, the popularity of cryptocurrency is growing day by day. Cryptocurrency for online buy-sell is quite popular in many countries of the world. Wikipedia, WordPress has adopted cryptocurrencies from major companies around the world, such as Microsoft, and more than 30,000 organizations. The value of cryptocurrency is increasing day by day. Experts believe that the reason for the price increase is that it requires powerful computers and servers for mining, power consumption and much more.

Cryptocurrency is thought to be the currency of the future. Information and communication experts have already started working on the blockchain at its core. The way the internet has changed the world, the way mobile phones have spread from house to house in villages. It will also spread like that. But which coin? It is difficult to say Bitcoin, Ripple, Light Coin, Ether or any other. No one knows but one or the other will sit in the cryptocurrency seat.

The dollar will rise slowly, the euro will rise, money will rise. People will not go to the bank directly in the crypto computer or mobile. Many have said that this account does not have to be compared with just a bank account. All in all, cryptocurrency is expected to be used as a currency in the future.

Thanks @steemitblog for giving me such a beautiful challenge.

Much love: @steemcurator01 @steemcurator02

Note: (You will see that if there is any mistake in the above discussion, then look at it with a look of forgiveness.)

Thanks everyone