China’s aiming to launch its digital currency before the Winter Olympics in 2022. Around the globe, countries like England, Canada, Sweden, Singapore and the US are either researching or piloting their own digital currency.
But everyday, we’re already making millions of payments, DIGITALLY.
Digital currency is not something new. They already exist in many forms, mostly known as cryptocurrency, such as Bitcoin, Ethereum, tether or XRP. This brings up the questions:
– What makes this new digital currency different?
– Why all of a sudden in the past three years, central banks around the world started pinching the idea of digital currencies?
– And more importantly, how are they gonna impact us?
If you are interested in why printing money in 2008 didn’t cause inflation, check out below video: https://youtu.be/ylwPyk2UwP8
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7 Comments
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Really like this video, but I prefer the anonymity that most cryptocurrencies provide as well as taking out the middleman (banks). Crypto IS the future.
You sound like a paid advertisement for the Chinese government albeit, a well done one … Of course like the fiat currency system which has been used forever by criminals for criminal purposes, they will find a way and use any system for their criminal purposes … some coins are more susceptible then Bitcoin which is a PUBLIC ledger … please be careful when producing information about a topic that you don’t use propaganda but researched factual material.
Please refer to Raeol Pal from Real Vision who is well versed on these themes or Micheal Saylor who did a great job debating Bitcoins advantages over Gold with Stansberry research
This explanation is very biased!
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SImply loved this video!
The general Currency market have paved way for many but the questions investors/traders ask themselves now is, if this is right time to invest? before jumping into conclusion i think one should evaluate things first. for weeks the price of cryptocurrencies have been fluctuating which means the market is currently unstable. while others are being patient and waiting for price to skyrocket, i continue to trade without the fear of making lose. it all depends on the pattern with which you trade and also the source of your signals. My crypto portfolio is currently up at 7.4 BTC, 45% higher than my old balance. I was able to do this using copy trading system from a US regulated trader, Matias Reeh. Trading on margin offers you the opportunity to make large profits from a relatively small investment irrespective of the market volitivity…Matias got it all 🎯
Dumbazz Chinese people
It seem Crypto is the third wave of human being transaction era in human history after coin and paper currency era. This course will be through up in future and it seem have chance to replace currency system advance. Would be Crypto be international currency is one thing that need a time to meet it….