Now, the global financial market is more than 14 million bitcoins in circulation. Which is increasingly affecting many economic processes. Cryptocurrency have the potential to displace the traditional payment system as they provide faster payment process and don’t require the provision of personal information. The significant factor in favor of cryptocurrency is the reduction in the cost of such services. For example, the cost of sending $500 by Bank transfer is on average of $50 (10% of the transaction amount).
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