‘Bitcoin is the next step for the global economy’

Two researchers at Imperial College London, one of the world’s best universities, claim that cryptic money like Bitcoin and Ether is a commonplace step for the global economy.

 

A study by Imperial College London, one of the best universities in the world, according to Telegraph, suggests Bitcoin and Ethergian crypto money is a natural step forward for the global economy.

Professor William Knottenbelt and Dr. The work presented by Zeynep Gürgüç claims that crypto money such as Bitcoin or Ether has passed one of three basic tests to become a true currency: acting as a value store.

In addition, according to the study, if the current growth continues, both Bitcoin and Ether can pass the remaining two tests. The study estimates that within ten years people will use Bitcoin in their daily purchases.

Professor Knottenbelt said he believed that crypto-banking made significant progress in meeting the criteria for being a widely accepted payment method. Dr. Zeynep Gürgüç pointed out that the concept of money has evolved by emphasizing that we are moving rapidly from cards to contactless payments to cash cards. According to Gürgüç, the next natural step in this direction is the use of a large amount of crypto money, along with crypto monetary assets.

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