What are the advantages and disadvantages of cryptocurrencies?

Unchallenged
Jul 29, 21

Even if someone exchanges Bitcoin for local currency, immediately on receipt, the risk of losing money remains.

Bitcoin suffers from high volatility. As per Frances Coppola, there can be times when businesses exchange bitcoin for local currency and end up losing or gaining a lot of money. Even if companies do so immediately after receiving Bitcoin, there is an element of risk involved.

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