Hello everyone! How are you doing today? I wish you all with good health and happiness each day. I got a headache today have not finish yet my part time job as bookkeeping still looking for the missing amount. HAHA!
I want to say thank you for the votes and the likes from all my previous posts. You guys are fantastic. Its motivate me to keep writing and participating the contest held by the Hive Learners Community.
Made the photo from Canva
Today's content is about physical money or crypto. Cash is visible, which we can carry with us when buying things in the market or stores. While crypto is a form of currency exist in digital or virtual using a block chain.The cryptocurrency units are called mining, The computer power can do solve the mathematical problems that generate coins. Crypto exchanges offer plenty of coins which available for trader to invest. Crypto has limited supply of coins while physical money unlimited and legalized by the government.
The biggest problem of crypto is not recognized by governments. The government is trying to control the crypto by implementing 30% tax on every transaction. Crypto will be a big threat to the banks and companies, stocks and life insurance companies.
This generation is more techy than before. I would like to choice crypto a digital mode of payments. It's easy for anyone to transfer money from local to abroad in low transaction fee. I know in Binance feature you can book a hotel using crypto. US Crypto banks are Ally Bank, USAA, BankProv, and Revolut, These banks encourage US citizens to invest in Bitcoin, Ether, and other cryptocurrencies.
I do remember I've seen it, one of the restaurants here in the Philippines do accept bitcoins but I forgot the name of the restaurant. I saw in China news some of the restaurants accept crypto as payments. I do not know if McDonalds accept dogecoins as I saw petition for that. Elon musk challenged McDonald to accept doge. I think tesla accepts crypto.
Mark Cuban encouraged the fans of the Dallas Mavericks to buy NBA game tickets and merchandise using dogecoins. According to my research and sources based on the examples I provided like the banks in US, buying tickets and booking in a hotel. It is possible for crypto to serve as digital payments.
I would like to see in the future that crypto can be used as mode of payments everywhere. I hope our government will acknowledge the good potential of the digital world.
PS: Spread love and happiness to the world.
See you in my next post.
hehehe!
The Government accepting would be the first stage to a global acceptance of the system..You listed some banks, restaurants that accept crypto currency..I cannot say same for my country Nigeria
Yes, you are right. That's y I also said that. I hope to see crypto can be used in everywhere, including your country. I hope and pray that the government will acknowledge the existance of crypto not be against on it.
Some parts of the world are already accepting it, it is now remaining for the rest of the world to follow suit.
Eventually, we will get that future we are after. That is a given.
Thank you for sharing this with us.
Agreed. We hope for the best. Thanks for sharing your thoughts as well.
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I think it is safer to have 2 forms of currency incase something wrong happened in the digital world.