The world is turning digital. Everything is becoming digitalised. Finances are not left behind either.
Fiat currency is controlled by governments through the central banks. The currency is vulnerable to corruption and fraud. Fiat currency is hard cash in coins and notes. Each country has its own but there is an exchange rate to translate one into another.
Cryptocurrency is not controlled by the central bank nor countries and instead it is controlled by blockchains. It seems to be taking over from fiat but there is no proper control over how it appreciates or depreciates.
Will crypto take over from Fiat?
Fiat currency is controlled by governments through the central banks. The currency is vulnerable to corruption and fraud. Fiat currency is hard cash in coins and notes. Each country has its own but there is an exchange rate to translate one into another.
Cryptocurrency is not controlled by the central bank nor countries and instead it is controlled by blockchains. It seems to be taking over from fiat but there is no proper control over how it appreciates or depreciates.
Will crypto take over from Fiat?