Greetings to all.
How's everything going on. Hope you're all doing well. I'm glad to meet you again, today I'll talk about this weeks theme which is Cryptocurrency Adoption.

Discuss the adoption of cryptocurrency in the financial market and how businesses can be boosted through cryptocurrency transactions.

The adoption of cryptocurreny in the financial market has been increased enormously. Cryptocurrencies originated with the basic function of allowing people to trade, the original idea is based on the concept of peer to peer, one person to person payment without intermediaries. Their adoption has been increasing over time, despite the fact that it has not been achieved so quickly as much as is required, but gradually. Meanwhile the big investors, realizing that they have absolute power through these decentralized digital assets and that it is slowly adapting to their needs, realized that the power to reach the bitcoin has crossed borders. And it's easy to run the negotiation and exchange process.

People from any corner of the world can conduct payment transactions without intermediaries, thus avoiding commissions generated by the system of general banking. They have also been able to benefit from smart deals provided by some decentralized financial services.

Cryptocurrencies are a relief channel to combat dependence on the most powerful fiat currencies at the market level, allowing transactions to be conducted safely and consistently. As we have seen big investors have publicly adopted bitcoin as a payment currency and this is reflected not only in traditional business but also in the field of sports. We have reached a point where bitcoin has benefited a lot today. Today many countries have adopted this digital system in their finances and many companies have chosen to use blockchain. As we know El Salvador, the first country to establish bitcoin as a legal currency. Business with crypto assets has become an excellent alternative, secure, fast and reliable, features that are satisfactorily transforming the traditional currency system.

What is your opinion on cryptocurrency being accepted globally for our day-to-day transactions.

Cryptocurrencies acceptance has been good, the fact is they make life easier. Cryptocurrencies have had a profound effect on society, with many large and medium-sized companies now joining the financial ecosystem, making huge investments in existing projects and processes, large capitalists.

Countries such as El Salvador, driven by the economic strategies, have succeeded in adopting a directly cryptocurrency system to boost productivity growth, keeping in mind the fundamentals of key currencies such as the bitcoin. As the world of cryptocurrencies develops, a large number of platforms have been introduced that facilitate transactions between these currencies.

Do you think the high volatile nature of the crypto market is a concern to business owners? Discuss.

It's no secret that the cryptocurrency market is volatile and if we do get into it, we've already analyzed it in some more depth to see if it's troubling for some business owners.

If a business owner sees that his capital is declining in this way of cryptocurrency, then obviously he will not like it because no one likes to touch his pocket, the fact is that anyone who trades with cryptocurrency should always keep it in mind that the market is highly volatile and these trends do not last forever.

The high volatility of the cryptocurrency market is due to the tremendous influence that large investors have to manipulate, which has the potential to create a downward spiral that will allow them to buy cryptocurrencies at a better price. Allow more control over currencies, or worse, to increase the value of the token and then sell your holdings and leave the project which will lead to bankruptcy. Market fluctuations can work for or against you so you should have a serious strategy to switch to stablecoin and keep only a small percentage in altcoin.

What other factors are currently limiting the adoption of cryptocurrency and how can this be solved?

There are many factors that directly affect the adoption of cryptocurrencies, the first being the inequality in the world where the largest economic resources are in the hands of the big capitalists, due to which it becomes impossible for the individual to create. The investment and savings system in the crypto ecosystem, moreover, will not have the ability to withstand the high fluctuations that it can cause downstream.

Another important point is money laundering through illegal transactions, as we all know, the mother currency is bitcoin and it lends itself to a large amount of money laundering because every transfer is anonymous.

These major limitations can be addressed by planning guidelines on the environment of the cryptocurrencies, as well as the promotion of credits that allow society to intervene and develop in the financial world that is making its way around the world which was designed with curiosity in mind. Decentralization of the global economy, however is slowly allowing deeper centralization of resources.

Discuss the Pros and Cons of cryptocurrency adoption by business owners.

Pros

• Decentralized asset, you are the sole absolute owner of your capital where there will be no third party managing your capital.

• Transfer without borders where you can transact in any part of the world with cryptocurrencies.

• Speed ​​in transactions, every time we transfer we realize that it is only a matter of seconds to place an order, we should not wait so long for our assets to move from one place to another.

Cons

• Cryptocurrency fluctuations, it creates a lot of uncertainty in people who own any secret assets where the market is very volatile where profits can be made but also huge losses.

• The illegal transactions, because every transfer is anonymous, since it lends itself to all kinds of illegal transactions, call it everything related to arms sales, drug sales and the mafia.

• Lack of experience on basic principles in cryptocurrency market can bankrupt any business, as they can invest in high risk projects or without any cooperation.