One of the main arguments for cryptocurrency's role in the future of money is that it offers a more secure and decentralized alternative to traditional financial systems. Cryptocurrencies are based on blockchain technology, which allows for secure and transparent transactions without the need for intermediaries like banks. This could potentially make financial transactions faster, cheaper, and more secure.
Cryptocurrency and its role in the future of money.
- Thread starter Johnson2468
- Start date
Cryptocurrency have changed every narratives we have about money. With help of cryptocurrency, it is very easy to send and receive money without the intervention of financial institutions. Its decentralization functionality makes it difficult to track how people use their money. As they say what have benefits still have disadvantages. Cryptocurrency makes online scamming very easy. This is one of the reason government of every country is so concerned about crypto.
I've seen several people talk about how cryotocurrency would replace the fiat currency which is totally wrong because cryptocurrency does not processed attributes of money.
It is true that cryptocurrency is a commodity and it is not a money.
