Cryptocurrency: A Global Need To Make One World, One Currency

The idea of cryptocurrency as a global currency has garnered significant attention in recent years, with proponents arguing that it could revolutionise the global financial system. This paper examines the potential of cryptocurrencies to serve as a global unified currency. By exploring the benefits of decentralisation, financial inclusion, and cost-efficient transactions, this research analyses how cryptocurrencies could simplify crossborder transactions and address economic disparities. However, critical challenges such as volatility, regulatory uncertainties, and technological barriers remain impediments to the widespread adoption of cryptocurrencies as a global standard. This study evaluates the prospects of a single cryptocurrency-based global economy and offers recommendations for overcoming key hurdles.