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The equivalent gray market value is so small, however, that no single coin in any currency is small enough to cover it.
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But Bitcoin and its kind are more than a passing frenzy: the digital-currency tribe is small but it will grow.
At a time when conventional ads on social networks still aren't hitting the mark, virtual currency is a small, but quickly growing, bright spot.
He works out that the boost to trade within the euro area from the single currency is much smaller: between 5% and 15%, with a best estimate of 9%.
The benefit from a weaker currency would be small: Greece's exports make up a small slice of GDP.
That said, the costs of currency transactions are small, and previous research has established that exchange-rate volatility reduces trade only marginally.In this section Fear of floating Letting off steam Running repairs Years of plenty?
Trade in Bitcoin is small compared with that in countries' official currencies.
In addition local currency bond markets are small, while both European and some local banks face tighter rules on lending.
The corresponding rise will generally be spread across all other currencies and so unless the devaluing country has a huge economy and is substantially devaluing, the offsetting rise for any individual currency will tend to be small or even negligible.
The risk that France and Germany will divorce and return to separate currencies is significantly smaller than the risk that England and Scotland will divorce and introduce national currencies.
STICK WITH DOLLARS Some small businesses find that using foreign currency is too great a challenge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com