Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Harryhwilliam on October 07, 2019, 01:12:36 PM
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Digital currencies such as Bitcoin and Ethereum are electronic forms of money issued and managed by users. Servers setup by entrepreneurs and companies handle all the transactions while crypto exchange platforms such as Digital Ticks allow changing fiat currency like USD to cryptocurrencies like Bitcoin which provides the real value. Bitcoin is currently accepted as payment for goods and services on thousands if not millions of websites worldwide with continuing adoption every day. Cryptocurrencies are also a popular choice among the mass because of relative anonymity and ease of use compared to using credit cards and bank accounts. Digital currencies are also very popular in countries like China where moving wealth out of the national economy and into the global market is difficult.
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Not just money, they bring a true revolution in our monetary system, bringing a new way to send , receive, store values. Also tokenization give more technologies with no boundaries.
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Not just money, they bring a true revolution in our monetary system, bringing a new way to send , receive, store values. Also tokenization give more technologies with no boundaries.
Cryptocurrency enthusiasts always say like this and it somehow holds true for blockchain technology, butcryptocurrencies. Crypto need to prove its efficiency in transfering in large scale first to be widely adopted. However, no crypto has been used at a large enough scale and this is a dilemma. Libra could have been a test but unfortunately it was banned by the government.
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It is a new system of currency named digital currencies. This kind of currency system provides faster and more efficient transactions. It is no need the third parties to handle the transactions. Moreover, it is a digital system that allows people around the world to transfer easily from one country to another country.
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Because BTC is already used for payments and has many ATMs to do transactions in various stores, I agree that Bitcoin is a digital currency.
The system owned by Bitcoin is very good for eliminating the differences that have in the financial system and more precisely the payment system.
Bitcoin can unite all countries without different currencies, different dollars and euros and some people will have difficulty and have to find their local currency with dollars or euros to be able to make payments in other countries