Cryptocurrency. Are you clued up?

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Is anyone here clued up on how we transact with money is rapidly changing to digital format?
Central banks are adopting cryptocurrency. Payment gateways are offering cryptocurrency and
businesses are accepting cryptocurrency. The world is going crypto. Did you know this?
El Salvador has just recently made Bitcoin "Legal Tender" - The first country in the world to do so.
China has it's own digital currency - the 'Yuan'. And there's much more news coming down the pipeline.
The cryptocurrency market is quite volatile but at the same time, it is a market in which millionaires
and even multi millionaires are made practically overnight by trading and investing into cryptocurrencies. So I pose the question once more...are you clued up?
If you are already clued up...kudos. If you are not...Do your research before jumping in.
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  • Profile picture of the author Odahh
    digital currencies and crypto currencies are not the same thing ..


    here is the clue Central bank digital currencies ..are basically the same as fiat printed and minted currency ..

    crypto currencies are a highly speculation based asset class

    you mention China's digital currency .. but China is also moveing to regulate and restrict /ban crypto which is part of the reason bit coin is down nearly 50 % from it's high
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    • Profile picture of the author jae london
      Thanks for helping in distinguishing the two. Needless to say, you are pretty well clued up.

      A little knowledge goes a long way....Kudos.


      JL
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      Crypto curious? Visit this informative site to learn all about crypto: https://discovercryptonow.com

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      • Profile picture of the author Odahh
        Originally Posted by jae london View Post

        Thanks for helping in distinguishing the two. Needless to say, you are pretty well clued up.

        A little knowledge goes a long way....Kudos.


        JL
        you mention elsavador ..oficlally using bit coin as a currency ..it uses the US Dollar as it's currency as well ..but there is an expense to transfer dollars from the US ..

        the push in crypto/stable coin markets.. and with central bank digital currencies ..is to remove those fees moving money around the world ..

        it said to be done for the migrate worker working in other countries and sending money back home ..it's a real good cover ..but if i am a corporation who can employ remote workers around the world being able to pay everyone in one currency with no transfer fees ..on the part of the company..

        people far smarter than me in the crypto world and in central banks are working to make that a thing ..
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        • Profile picture of the author jae london
          Thanks Odahh for such great insight.
          Seems you are totally clued up! I get my news from online sources that aren't spilling the beans as they should be. I suppose drip feeding where necessary.


          I definitely learned something new.


          Thanks again.


          JL
          Signature

          Crypto curious? Visit this informative site to learn all about crypto: https://discovercryptonow.com

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          • Profile picture of the author Odahh
            Originally Posted by jae london View Post

            Thanks Odahh for such great insight.
            Seems you are totally clued up! I get my news from online sources that aren't spilling the beans as they should be. I suppose drip feeding where necessary.


            I definitely learned something new.


            Thanks again.


            JL
            there is not much to actually know ..i believe the people who have the abilty to do this and are telling everyone openly this is what they intend ..will probably do it

            i also do not look at it as some plot to subdue humanity and take more freedoms away ..by taking away people ability to make or spend money if they do not comply ..

            righ now the trends the last few decades has been to make more and more things a service ..so when you hear about the great reset ..it basicaly the vision instead of people owning stuff through debt and making the payments .. everything gets turned into a service ..that people make the payments on ..

            who provides those service .. is another thing all together .
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  • Profile picture of the author Serene Carmen
    Here's the link to an interview with the president of El Salvador. Quite a good listen, he explains his thoughts around bitcoin adoption.

    https://youtu.be/qdx_alPrmVY
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