Is Crypto A Threat To Fiat Currency? Or The Future Of Money?
August 18, 2022 ⚊ 1 Min read ⚊ Views 117 ⚊ BUSINESS
Anything can be exchanged for money, as long as both parties agree on the terms. However, a certain amount of stability and additional value to all products and services has been offered by paper money. A generation of people now believe that paper money will eventually lose its value or disappear, and this seems to be partially correct now that cryptocurrency is available. Following the global financial crisis of 2008, coins were introduced to decentralize money.
Some people believed that as more people purchased these coins, their value would grow and they would eventually be able to replace paper money. Throughout history, money has evolved and taken on new identities. However, there are a number of compelling factors to persuade consumers to abandon dollars and euros in favour of crypto.
