“Bitcoin has the potential to revolutionize the financial sector said the Montreal Economic Institute (MEI) in its latest economic research report. The institute has now become the latest organization to highlight the cryptocurrency’s prospects in what has become a rapidly expanding sector. David Descôteaux, associate researcher at the MEI and author of the report, said that bitcoin has the potential to completely change the financial service sector. Descôteaux said bitcoin is already seen as a revolutionary payment transfer system and it is growing in popularity because of low transaction fees, a major issue especially in developing nations.”
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