How Cryptocurrencies Are Changing the Approach to MLM Investing

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Cryptocurrencies are already changing the principles of the economy and the financial sector. More and more companies are starting to use digital currencies as an alternative to fiat for investment, operational and transactional purposes. In this article, we will tell you why crypto is growing in popularity and how it affects the approach to investing in network business.

What is cryptocurrency
Just a few years ago, the topic of cryptocurrencies interested only rare enthusiasts, but now it is talked about literally at every step. In the example of different countries, virtual currencies have proven themselves to be line data an extremely effective tool for accelerating economic and social development. First of all, you need to understand what it is:

Cryptocurrency is a digital currency based on cryptographic methods. The total market capitalization of this market is $2.65 trillion as of November 21, 2021, with about 14,000 cryptocurrencies traded worldwide, and according to Crypto.com, the number of digital asset users has reached 106 million (as of January 2021).

Some countries are cautious about cryptocurrency, believing that this asset is associated with high volatility (price variability). On the other hand, many countries are ready to work on their innovation, modernize the financial system and actively popularize cryptocurrency.

For example, according to Chainalysis research, the TOP countries by crypto popularity include Vietnam, India, Pakistan, Ukraine, and Kenya. According to International Wealth, the most crypto-friendly countries are Germany, Singapore, and the United States.