Cryptocurrencies have gained a lot of popularity across the globe today. Cryptocurrencies have eliminated financial barriers by allowing people to conduct online transactions using virtual money at a lower cost. The rise and the popularity of the internet have increased the need to develop a currency that can be used to conduct business in the virtual world.
Today, some cryptocurrencies have dominated the financial world. Cryptocurrencies such as Bitcoin, Litecoin, and Ether have become popular currency alternatives and used to purchase items electronically. Additionally, they are used in stock market investment. The cryptocurrencies have taken the financial market by storm. However, there is confusion that is surrounding the effectiveness of the cryptocurrencies, and it is essential to educate the world on the impacts of the virtual money.
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