Post
Topic
Board Economics
Re: Electronic Money vs. Physical Money
by
bitllionaire
on 10/04/2018, 23:49:23 UTC
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley

The different thing between physical money with bitcoin or cryptocurrency is on who control it. As we know, fiat money controlled by central bank, from supply and value but bitcoin is decentralized currency and no one institution can control and have limited supply
The use of electronic money is now increasing, in fact people now like to do shopping throughout the world and that is only possible if you know the use of online currency, for example using bitcoin you can purchase anything in any online shop who are accepting bitcoin. In fact there are a lot of online shops who are accepting bitcoin for shopping in their store so it is more easy to use bitcoin without changing it into any other currency for shopping there. .