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Cryptocurrencies VS Fiat currencies

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Niftyyem

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Crypto has gained popularity in recent times and I would really like us to discuss the various effects Cryptocurrencies has had or could have on our normal government approved currencies.

The positives and the negatives are welcome for discussions.
 

Suba

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Crypto has gained popularity in recent times and I would really like us to discuss the various effects Cryptocurrencies has had or could have on our normal government approved currencies.

The positives and the negatives are welcome for discussions.
Almost everyone who uses the internet knows crypto, especially Bitcoin, although not everyone uses it, but nowadays in many countries crypto / Bitcoin is still considered a commodity. meaning that it can only be traded but it is prohibited to be used as a medium of exchange, although in Japan Bitcoin can be used as money / medium of exchange, not all shops accept Bitcoin as a means of payment.
 

vest1992

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I think that Cryptocurrency makes trading almost anywhere in the world really easy. Mainly because it’s a decentralized currency and thi option opens up financial opportuinities for people in countries that don’t have much access or none at all to financial services.
 

Niftyyem

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I think that Cryptocurrency makes trading almost anywhere in the world really easy. Mainly because it’s a decentralized currency and thi option opens up financial opportuinities for people in countries that don’t have much access or none at all to financial services.
I agree with you totally. Cryptocurrencies have given people a more liberal approach towards handling their businesses and opened more platforms of payments for goods and services
 

hani20980

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Hello nice thread well there is a lot of benifits in cryptocurrencies that u can't find in fiat for ex you can
earn a lot of money in trading with crypto and the transactions in crypto are safe and secured
 

Niftyyem

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One of the many things I appreciate about Cryptocurrencies is the almost anonymity it offers. It is private and seamless. Also the fact that it can be traded and yield profits is an added advantage.
 
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