Post
Topic
Board Economics
Re: Are Cryptocurrencies Really Money?
by
samputin
on 30/01/2021, 22:19:17 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 can say that 2 poll is been use in our society now ( some people), the percentage is just an opinion but I think crypto currency and central bank has big role in other people.

It is not direct as money but it can be use like as money. It is both cashless but it turn to money by processing. Bitcoin need to exchange to other currency like dollars or local currency then turn to fiat, and central bank is the way to use your want cashless but you need also fiat for payment before and after to use the central bank's digital currency. This is what I know.