Post
Topic
Board Economics
Re: Fiat and cryptocurrency
by
conected
on 26/05/2021, 15:37:37 UTC
both are useful and people in all walks of life use them, fiat are what people known as mode of payment, transaction and among other but there introduce another and new way of money which is cryptocurrency and it has advantageous to growing economic countries  it made all their way of communicating, transaction, payment and bills and other easier and convenient. no hassle and it elevate their way of life too.
Yes, I completely agree with your opinion but talking about cryptocurrency as a new payment method, it seems like only a few countries are ready for that,
but I also believe that with the development of the times it is possible that it will become a new payment method or transaction for the whole world,
because cryptocurrency provides great benefits of course
- Only a few countries are ready for crypto to enter their market but the features of crypto are not feasible and not as optimal as banking systems, that's also why crypto adoption has been stagnating in countries for years. People still think fiat is more reasonable for payment given its reputation, crypto is just an underground form of payment by some institutions, apparently many countries have looked into and investigated crypto issues, the crypto world contains a lot of darkness and is only suitable for investment