The impact of cryptocurrencies on the global economy is multifaceted and can be analyzed from several perspectives:
1. Financial Innovation: Cryptocurrencies have introduced new forms of financial transactions, enabling fast and secure transfers without the need for intermediaries such as banks. This can reduce costs and increase efficiency.
2. Financial Inclusion: In regions where access to banking services is limited, cryptocurrencies offer an alternative. People without bank accounts can participate in the digital economy by using cryptocurrencies for transactions and investments.