Cryptocurrencies are financial means used outside the field of regular monetary systems. Bitcoin developed to expand the use of digital transactions, enabling a P2P transaction model. Central banks and governments have recognized the growing demand for digital currencies; some countries such as Sweden or China are progressing to become cashless.
Read more: https://dailycoin.com/bank-of-america-okays-the-crypto-approach-in-developing-countries/?source=Snapzu
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