2-5 Assignment_ Writing Notes
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Southern New Hampshire University *
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H7296
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Apr 3, 2024
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docx
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Uploaded by BrigadierPony4234
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2-5 Assignment: Writing Notes
Navjyot Kaur
Southern New Hampshire University
ENG-123-H2584 English Composition II 23EW2
Roger Ochse
November 2, 2023
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The argument to be addressed in this persuasive essay is the future of cryptocurrency. The essay will explore the potential impact and viability of cryptocurrency in various industries and its potential for disrupting traditional financial systems. This argument relates to the field of finance, specifically the emerging field of fintech, which combines technology and finance. As someone considering pursuing a career in finance, it is important to understand the potential implications of cryptocurrency on the industry and its role in shaping the future of finance. The topic of the future of cryptocurrency is highly debatable, with multiple perspectives to consider. Some argue that cryptocurrency will revolutionize the financial industry, providing a secure and decentralized alternative to traditional banking systems. Others believe that it is a speculative asset with limited practical use and that its future is uncertain. The audience for this essay will be fellow finance students and professionals who are interested in the impact of technology on the finance industry. The potential challenge in supporting the argument with this audience is their familiarity with traditional finance and potential skepticism towards the disruptive nature of cryptocurrency. The goal of this essay is to present a balanced and well-supported argument about the future of cryptocurrency. It should provide a comprehensive analysis of the potential benefits and challenges of cryptocurrency, as well as its impact on various industries and financial systems.
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Three key points that will help support the argument are: 1. Cryptocurrency's potential to increase financial inclusion and accessibility by providing banking services to the unbanked population. 2. The ability of blockchain technology, which underlies cryptocurrency, to revolutionize industries beyond finance, such as supply chain management and healthcare. 3. The potential for cryptocurrency to reshape the traditional banking system by providing more efficient and secure transactions, reducing costs, and eliminating the need for intermediaries. One source that supports the first key point is the article "The Future of Cryptocurrency in Emerging Markets" by Christine Lagarde. Lagarde, the former Managing Director of the International Monetary Fund, explores the potential of cryptocurrency to empower the unbanked population in developing countries and bridge the gap in financial inclusion. Another source that supports the second key point is the book "Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World" by Don Tapscott and Alex Tapscott. This book provides a comprehensive overview of blockchain technology and its potential to disrupt various industries, including finance, supply chain management, and healthcare.
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To effectively integrate evidence in the essay, I will use a combination of statistics, examples, and expert opinions from credible sources. This will include citing specific data on the number of
unbanked individuals and the potential impact of cryptocurrency on their financial inclusion. Additionally, I will include case studies and real-world examples of blockchain implementation in industries beyond finance. Finally, I will incorporate quotes and insights from reputable experts in the field to strengthen the arguments and provide additional credibility.