Post
Topic
Board Economics
Re: Cryptocurrency
by
Sir Cross
on 24/07/2018, 07:16:10 UTC
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Cryptocurrency cannot be a universal means of exchange. Firstly, there are different coins and tokens in cryptocurrency. These coins have different values and different uses. Second, the value of cryptocurrencies is very volatile. Using cryptocurrencies as a universal means of exchange would be hard because of its diversity and volatility. However, if there is ONE crypto that could be used as a universal exchange, it would be possible.