Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?

#currencies #years #development

The world is seeing a rise in the popularity of online

currencies

in recent years.

This

might be

due to

technological improvements and the race to a convenient commercial market. In my opinion, the shift away from physical

money

is a positive trend. There are various aspects that can popularize online

currencies

. The first reason is that it

make

Change the verb form

makes

show examples

spending

money

much more convenient. Back

then

, all of us would need to get to a store to purchase items with cash, which could be

Correct article usage

apply

show examples

tiring and tedious progress. Nowadays,

however

people

can find whatever they need online, pay for it with their e-wallets, and have the goods shipped to their

home

Fix the agreement mistake

homes

show examples

in no time.

Secondly

, online

currencies

are heavily advertised everywhere.

For instance

, we can see thousands of videos online talking about investing in

crypto

Correct your spelling

cryptocurrencies

show examples

currencies

like bitcoin or dogecoin. And we can

also

see celebrities promoting e-wallets like MoMo or ZaloPay.

Therefore

, it is clear why online

currencies

are used globally. The rise of online

currencies

, in my opinion, is definitely a positive trend.

Firstly

, it can help countries to grow their economies

Change preposition

show examples

a large extent. Because of the convenience that online

currencies

offer,

people

will be encouraged to spend more

money

and consume more products.

As a result

, economies around the world will have more chances to expand.

Furthermore

people

can earn a lot of

money

from investing in

crypto

Correct your spelling

cryptocurrencies

show examples

currencies

For example

, when Bitcoin first came out,

it’s

Correct your spelling

its

show examples

value was extremely low, at only 0.0008 dollars.

However

, it has skyrocketed over the years, and now one bitcoin is worth over 20 thousand dollars. Understandably, many

people

have become millionaires from cryptos. In conclusion, online currency gains its fame as a natural result of the 4.0 digitalization era, which to me is a beneficial change for everyone.

Submitted by namle.ivce on Thu Feb 23 2023

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12Linking words
meeting the goal of 7 or more
3Word repetition
meeting the goal of 3 or fewer
7Grammar mistakes
 

4 paragraphs

301 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 5.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 5.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

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Clear & comprehensive ideas

Relevant & specific examples

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Topic Vocabulary:

Digital wallet
Decentralization
Cryptocurrency
Blockchain
E-commerce
Fiat currency
Financial inclusion
Cross-border transactions
Volatility
Smart contracts
Decentralized Finance (DeFi)
Mining
Energy consumption
Pseudo-anonymous
Regulatory challenges
Financial privacy

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Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?

Music has always been and continues to be the universal language of mankind. To what extent do you agree or disagree?

Nowadays, there are a large number of coffee shops and fast-food vendors on high streets and in town centers. Why are there so many of these outlets? What effect is this having on the society?

In some countries, the average body weight is increasing, health and fitness levels are decreasing, what are the causes for this problem and what measeure can be taken to prevent this ?

People think that government should increase the cost of fuel for cars and other vehicles to solve environmental problems. Give your opinion.

Global warming is one of the biggest threats human faces in 21st century and sea levels are continuing to rise at an alarming rate. What problems are associated with this and what are some possible solutions?