How cryptocurrency is disrupting the global economy

Cryptocurrency disrupts the global economy by providing a method to decentralizing global financial transactions. Those transactions are today mostly centralized on the US dollar standard and controlled by various governments. The global payments and the crowdfunding processes are among the major aspects of the global economy disrupted by cryptocurrency. The cryptocurrency ecosystem eliminates the middleman, particularly international banks and the SWIFT network, which is a method to allow major banks to transfer fiat currencies such as dollars, Euros, Pounds, … Cryptocurrency will bypass this system and make international transfers faster, cheaper, and more private. Cryptocurrency also allows the tokenization of an idea and its direct sale to the public, thus simplifying the crowdfunding process. Generally, cryptocurrency challenges the dominance of the dollar and other major fiat currencies in the global economy.