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Cryptocurrency and International Trade

Cryptocurrency and International Trade

Q Cryptocurrency is a topic that is consistently in the news lately. The Next Advisor article "What Is Cryptocurrency?" by Kendall Little describes cryptocurrency and how it can be used. These next two articles describe how cryptocurrency can facilitate international trade. • "What Role Can Crypto Play in International Trade?" by Universal Cargo • "6 Ways Blockchain Technology Can Transform Logistics" by Universal Cargo Can you think of other ways that cryptocurrency might facilitate international trade? Let's discuss! Discussion Expectations Your discussion post should fully answer the prompt above (due 11:59 p.m. CST Wednesday). Then respond to at least two of your classmates' posts by 11:59 p.m. CST Sunday. Visit the Start Here module page Discussion Criteria to view specific discussion requirements, examples, and the discussion rubric.

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As per the latest data, it has been found that the digital currencies are gradually growing and the market is valued at more than about $2 trillion. From the existence of precious metals to current form of paper money, currencies are found to be indeed quite important for carrying out trade and commerce. It has been revealed from the recent data that the digital currencies do actually help in increasing the level of efficiency for those of the cross border payments.