Business
Why business leaders should invest in bitcoin – The Australian Financial Review
Even if the management does not believe in the currency’s long-term efficacy, it should ensure the company does not find itself ‘offside’ against a rival.
They can also provide stability and transparency in politically volatile environments.
Finally, many emerging markets rely on remittances. Remittance flows to low and middle-income countries touched a record high of $US548 billion ($708.7 billion) in 2019, larger than foreign direct investment flows ($US534 billion) and overseas development assistance (about $US166 billion).
Transaction costs
Cryptocurrencies allow people to send money at a significantly lower cost than other currencies transaction…
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