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Research Proposal Outline

Thesis

Although digital currencies have some disadvantages, the recent introduction of digital currency is a goldmine since implementing digital currency offers an ideal and efficient solution for fixing and solving most of the prevailing economic issues.

Reason 1:  implementing digital currency helps fix and solve economic issues by increasing the efficiency of cross-border payments and involved transactions

1.1   Warrant 1: Cross-border payments using fiat currencies such as the United States Dollar are settled within either the same business day or up to five business days. Such illustrates a slow and long settlement speed and period, often due to the payment process requiring human verification to combat money laundering, among other practices. However, cross-border payments using digital currencies are processed within seconds, and such a short processing time increases payment efficiency.

1.1.1        Evidence: Unlike fiat currencies, digital currencies rely on decentralized ledgers, which shorten the processing speed of cross-border payments, thus enabling the completion...