What effect does cryptocurrency have on the global economy?

Cryptocurrency has had a profound impact on the global economy, particularly in terms of its ability to reduce transaction costs, increase liquidity, and make economic transactions easier. It has also enabled cross-border payments, allowing people from different countries to do business more easily and quickly. Finally, cryptocurrency has been a driver for financial inclusion for individuals and communities who have been excluded from the traditional banking sector. This means that those who have historically been unable to access traditional economic services are now able to participate in the global digital economy, further contributing to economic development worldwide.