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Transition to electronic money

Asked 05 Oct 2023 10:05:01
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05 Oct 2023 10:05:01 Zoe Brown posted:
Forumers! I've recently been thinking about the future of monetary systems and I'm concerned about the question: should we move from traditional paper money to cryptocurrencies? Do you think this would really provide greater financial freedom?

Replies

Replied 05 Oct 2023 11:00:57
05 Oct 2023 11:00:57 Marc Bartra replied:
I believe that the move to cryptocurrencies can bring us many benefits. And I think after reading https://www.techguide.com.au/news/cryptocurrency/what-is-the-difference-between-cryptocurrencies-and-fiat-money/ you will agree with me. First, they can eliminate many of the limitations associated with international transactions, making them faster and cheaper. In addition, cryptocurrencies provide greater anonymity and security, which is especially important in the digital age. Finally, they can help eliminate inflation concerns, as many cryptocurrencies have a limited issuance limit.
Replied 05 Oct 2023 14:46:52
05 Oct 2023 14:46:52 Frank Williams replied:
But, in my opinion, there are also risks. Cryptocurrencies can be prone to volatility, making their use for everyday purchases less stable. It is also important to consider the security of storing cryptocurrencies, as wallet hacks are not as rare as we would like. In addition, the transition from paper money to cryptocurrencies will require significant changes to the economic infrastructure, which can be a complex and time-consuming process.
Replied 13 Nov 2023 15:51:26
13 Nov 2023 15:51:26 User  replied:
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