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

✨ Do you want to improve your IELTS writing?
In
this
Linking Words
contemporary era, it is thought that crypto
valutas
Use synonyms
spread around the world because advanced technologies make using them more comfortable. From my point of view, as online currencies help develop the dark
market
Use synonyms
, it is a negative invitation. It is known that
cryptocurrencies
Use synonyms
are
money
Use synonyms
that does not belong to any country, and
people
Use synonyms
cannot get crypto cash.
Thus
Linking Words
, there are some
people
Use synonyms
who may be scared to use it as they do not understand how to pay with
this
Linking Words
valuta, and where they can exchange it.
However
Linking Words
, nowadays, there are numerous new technologies that develop crypto exchanges on the internet.
For instance
Linking Words
, Binance is the most popular online exchange resource where
people
Use synonyms
can easily buy and sell online
valutas
Use synonyms
. It might make
cryptocurrencies
Use synonyms
more common. In my opinion, online
valutas
Use synonyms
have some positive advantages,
such
Linking Words
as an independent
market
Use synonyms
, but
also
Linking Words
it may make the black
market
Use synonyms
more popular among criminals.
Moreover
Linking Words
, there are a lot of
people
Use synonyms
who use
cryptocurrencies
Use synonyms
to hide
money
Use synonyms
from the government because they do not want to pay taxes or do not want to show where they earn that
money
Use synonyms
.
For example
Linking Words
,
according to
Linking Words
a recent article in The Guardian, there are a lot of criminals who use online
valutas
Use synonyms
to collect
money
Use synonyms
for terrorism. I believe that if
this
Linking Words
type of
money
Use synonyms
become
Wrong verb form
becomes
show examples
forbidden, the government will prevent some crimes more effectively.
To sum up
Linking Words
, the developed technologies make
cryptocurrencies
Use synonyms
more common.
Also
Linking Words
, I think that
this
Linking Words
invitation led to hiding a source of
money
Use synonyms
and making the dark
market
Use synonyms
stronger.
Submitted by engroutine on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

task response
Ensure that your introduction includes a clear thesis statement that directly addresses the question prompt.
coherence and cohesion
Work on providing a more cohesive and logical structure throughout your essay. Use transition words and phrases to connect your ideas and ensure that your argument is easy to follow.
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
What to do next:
Look at other essays: