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What impact might cryptocurrency have on international business in the next 5 years, especially considering the...

What impact might cryptocurrency have on international business in the next 5 years, especially considering the aspect of exchange rate risk?

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Answer #1

Cryptocurrency-

It is a digital asset that design to as a medium of exchange to secure financial transaction . It uses decentralised control .Bitcoin is first decentralised currency that issue in 2009.

It 's market had a slow growth trend near the end of 2017 . By cryptocurrencies the international business transaction solve the problem of speed and ease of transaction.As in the era of globalization the exchange rate is highly volatile to solve this problem cryptocurrency is best. It solve the problem related to exchange rate risk .The use of crptocurrencies in last 5 years is well grow in the international business .

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