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

#currencies #years #development

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The world is seeing a rise in the popularity of online

currencies

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in recent years.

This

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might be

due to

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

money

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

currencies

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. The first reason is that it

make

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makes

show examples

spending

money

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much more convenient. Back

then

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

Correct article usage

apply

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tiring and tedious progress. Nowadays,

however

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people

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

home

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homes

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in no time.

Secondly

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, online

currencies

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are heavily advertised everywhere.

For instance

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

crypto

Correct your spelling

cryptocurrencies

show examples

currencies

Use synonyms

like bitcoin or dogecoin. And we can

also

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see celebrities promoting e-wallets like MoMo or ZaloPay.

Therefore

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, it is clear why online

currencies

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are used globally. The rise of online

currencies

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, in my opinion, is definitely a positive trend.

Firstly

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, it can help countries to grow their economies

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show examples

a large extent. Because of the convenience that online

currencies

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offer,

people

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will be encouraged to spend more

money

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and consume more products.

As a result

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

Furthermore

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people

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can earn a lot of

money

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from investing in

crypto

Correct your spelling

cryptocurrencies

show examples

currencies

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For example

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, when Bitcoin first came out,

it’s

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its

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value was extremely low, at only 0.0008 dollars.

However

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

people

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

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

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

301 words

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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?

Some people believe that watching big events like sports and the Olympics on TV encourage adults to exercise regularly. While others disagree that there are other effective ways of getting them to exercise. Discuss both views and give your opinion

Some companies blocks their employees from using social media and web sites such as facebook. Do you think managers should trust employees to use time wisely, or do you think it is smart of companies to blocks access to some sites? Provide reasons and examples to support your opinion.

Every year several languages die out. Some people think that this is not important because life will be easier if there are fewer languages in the world. To what extent do you agree or disagree with this opinion?