Cryptocurrency Vs Physical Money

_{I'm so happy to have you read my blog once again. Today I'll be writing on Cryptocurrency Versus Physical Money.}

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_{First what is money? I'll say money is anything that is generally acceptable for the exchange of goods and services. From this definition, one can say crypto currency is one form of money because it can be accepted in exchange for goods or services.}

_{Definition of Cryptocurrency in my own terms: Cryptocurrency is a digital money used for online transaction which can not be controlled by any authority but it is monitored by a network called blockchain and this blockchain helps to track transactions made With crypto currency.}

_{Physical money in my own terms can be said to be a form of transaction that is visible and is acceptable for the exchange of goods and services.}

_{In the world today, we've seen that each country has her own currency that they work with. For example in my country Nigeria, we accept Naira as our major form of exchange for transacting business while in the United States of America, the currency accepted for transaction is dollars.}

_{But when it comes to Crypto currency, it is not owned by any country but some countries have accepted/legalized it as a means for transacting business. Countries like United States, China, Canada and so many more. As at now most people accept Cryptocurrency as means of payment but not all countries have legalized it's use.}

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_{For me, I'll say as at now I'll accept Cryptocurrency as payment for services rendered or goods sold than accept physical money because in Nigeria, the naira is very low compared to some other currencies but the Crypto currency matches to all currencies so I'll accept Cryptocurrency as payment then if I need physical money, I can easily convert my crypto into physical money and that's also one good part of Cryptocurrency.}

• _{Cryptocurrency cannot be manipulated but physical money can be manipulated.}

• _{Cryptocurrency is acceptable in different places but one's own currency is not.}

• _{Cryptocurrency is durable but physical money can easily get lost or stolen.}

• _{With Cryptocurrency you can easily track your networth but with physical therapy it will be very hard.}

_{These are some few reasons and advantages why I'll choose Cryptocurrency over physical money. But I know you might have similar view or different view so don't hesitate just leave your amazing contribution at the comment section.}

_{Thank you so much for reading, see you at my next blog 😍😍.}