How are cryptocurrencies changing the global economy?

In recent years, cryptocurrencies have become a powerful catalyst for transforming the global economy. Their decentralized nature disrupts traditional financial systems, providing access to capital for millions of people who were previously excluded from traditional banking. Cryptocurrencies lower transaction costs, especially in international transfers, speeding up processes and bypassing intermediaries.
Smart contracts on the blockchain simplify business operations, reduce bureaucracy, and increase transparency. Governments are exploring the implementation of central bank digital currencies (CBDC) to remain competitive. This is driving the development of new standards in financial technology regulation.