Post
Topic
Board Economics
Re: Are Cryptocurrencies Really Money?
by
ultrloa
on 27/01/2021, 09:25:25 UTC
Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1.   Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?


I'm not surprised about the poll since crypto currency is a threat on banking system that's why I'm expecting that result if that came from them or the other people who doesn't know about it. But if you just really go here and search how useful it is you can really define that this is a money. You can cash it out everywhere as well you can use it on transactions if you want to buy online in selected merchants.