GEOGRAPHICAL DISTRIBUTION REGARDING CRYPTOCURRENCY

Hello to everyone in this wonderful community today. I greet you all in good spirit and I want to believe that we all are doing just great today and if so we give God the praise for the sustenance of life and good health.

I want to use this medium to welcome you all to yet another beautiful week in the second month of the year and I hope we are all having a great week already alongside a stress free day. It is a pleasure to be among you all once again.

Today I will be discussing another interesting part of DISTRIBUTION REGARDING CRYPTOCURRENCY. So far we have been talking about the various types of distribution in cryptocurrency and I have promised to touch every part of DISTRIBUTION as touching to the digital currency.

I have come with another teaching which I have tagged GEOGRAPHICAL DISTRIBUTION OF CRYPTOCURRENCY. This will be an interesting topic which I will be talking about in no time as such I urge you all to stay put and relax as I begin the discussion regarding the said topic. I wish you a happy reading!

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CRYPTOCURRENCY DISTRIBUTION

Before the dawn of cryptocurrency, the fiat currency which is the conventional currency has been the only way by which individuals, business men and women, investors, and traders make use of during trading of goods and services between each other.

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As such people didn't know what cryptocurrency is all about until it advent. Now an individual or should I say a group of individuals came out with a strategy to develop a digital currency called the Bitcoin which later came into light and these individuals are popularly called SATOSHI NAKAMOTO.

When the digital currency was invented and introduced only few individuals believed in it as such those individuals are known as the early adopters as they were the first individuals to key into the digital currency investment. As at then this digital currency known as the Bitcoin was without much relevance hence the value was close to nothing.

And so only few individuals believed in it as at that period and they invested in it. Along the line other investors began to see how good the project is and how promising the digital currency seems then they began to purchase this digital asset and as they purchase this asset the price of the Bitcoin began to gain value bit by bit.

Afterwards the invasion of the Ethereum asset surfaces on seeing how promising the Bitcoin is and how fast it was spreading among investors. This was how many cryptocurrency enthusiasts began to develop and creating various projects regarding cryptocurrency and as such we got to see many cryptocurrency flying into the digital currency world.

Now I believe we all have gotten the knowledge on how the digital currency came into existence. The reason for that explanation is to build a foundation for today's teaching. Now let's dive into the discussion properly.

GEOGRAPHICAL DISTRIBUTION REGARDING CRYPTOCURRENCY

The term geographical distribution in cryptocurrency gives a clear analysis regarding the dispersion of cryptocurrency across the globe. This is talking about the level of acceptance of the digital currency by nations across the globe and how influential is the cryptocurrency in such geographical locations.

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We do know that the cryptocurrency is yet to be accepted by many nations as though some still believes that the cryptocurrency is out here to scam them and rub them off their money as such they considered it as a currency that is facilitated or designed by frauds to do away with investors money open making investments on the cryptocurrency.

So the geographical distribution gives a factual data analysis regarding the allocation of the digital currency across many cities, countries and nations. It does not only examines the distribution of the digital currency across these geographical areas but also how well the cryptocurrency is accepted and utilize in these regions.

In essence geographical distribution of cryptocurrency relates to the attitude and perspective of various countries and cultures regarding cryptocurrency.

All geographical areas have their own perspective and view of the digital currency as such the understanding or technological impact regarding the cryptocurrency is quite viewed in different ways by these countries as such there are different regulations which governs the usage of the cryptocurrency in various countries.

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CONCLUSION

In summary the geographical distribution depicts the the degree of acceptance of the digital currency and also it tells us more in a detailed manner regarding the usage of the digital currencies as well as the laws governing the way it is being used in a given area and also it accessibility as though every geographical areas has it own principles and regulations regarding the usage of cryptocurrency.

I will be stopping here for today. I hope this teaching was beneficial to you all. I will see you next time but for now goodbye.