Greeting readers..!
I hope you would be fine and safe with your families.Today again i came come with another interesting topic about cryptocurrencies,because i see the future of cryptocurrencies and wanna share you more and more updates about cryptocurrencies world.
How Cryptocurrency is threat for dollar?
We all knows that Cryptocurrency is a digital currency or virtual currency. In all my previous article i told that this is a code. And by using this software and code we can able to send this money anywhere in the world in few seconds.
Let's assume i have 100 rupees note if i give it to anyone in my country so government don't know from where i got this and who is taking from me?
But in Cryptocurrency all work transaction and buy by a digital code and done by a software and it has all records from where i am getting this money and whome i am sending it. All is going on record. So can't do any fraud or money laundering.
From from 2009 Cryptocurrency came into existence it became a threat for dollar. Because day by day it is raising and one BCH is equal to almost 59,216.85$ and BCH is 1,386.06$ now so cryptocurrencies have more value than dollar.
Big companies started trade with Cryptocurrencies. Big mareket and store are accepting cryptocurrencies for shopping as money.
By Cryptocurrency you can buy a care and home for yourself. And most of adult websites started business by cryptocurrencies.
The world traders and their prediction is that as Cryptocurrency is gradually getting higher so i would take place of world trade and dollar value would fall down.
Why threat for dollar?why Not for other currencies?
Main reason is that all world trade is done by dollar.So dollar is only currency which is acceptable in whole world.
Why dollar is acceptable in all world? This is because international monetary fund recognize American dollar as more worth than any other currencies.USA dollar have more world circulation than other currencies and euro come at second number and yen is on third number in the world.
Dollar has 60% of all known central bank foreign exchange reserves.And euro have 20%.
So if i have 100 pakistani rupees and if i travel to south africa and pay by pakistani currency to by some stuff,but i would fail. Because south African don't know about pakistani rupees and would reject it. Instead of pakistani rupees if i have 100$ so if i pay through dollar he would accept it easily and i would able to get something in return or buy. That's why all world know the value of dollar more than other currencies.
And every government of the any country can made currency note according to the stock of gold they have. So American have more gold than any other countries,so they can make more currency note than other countries and that's why dollar have more circulation than other currencies in the world. And all international trade done by dollar until now.
Would world accept Cryptocurrencies as global currency?
According to my prediction yeah soon you would see that you have no paper currency wallet and you just have a digital code and in few seconds you would able to send your money in the world anywhere.
Yeah in most of website we are paying by cryptocurrencies. Big market and shopping malls are have cryptocurrencies ATM .
So according to the global traders and business man think that next future is future of cryptocurrencies.
But there are many problems it would take some time because still world is not awear of cryptocurrencies and still jave trust problems.
Is Cryptocurrency is safer than paper currency?
Yeah this is ture Cryptocurrency is safer than paper currency . How ? I would compare it with paper currency you would able to see why it is safer than paper currency!
Paper currency have more security problem than Cryptocurrency.
Paper currency have to carry and this big hectic for everyone. And how can we carry it. Anyone who is armed he can take it Easy from us but in Cryptocurrency nothing we have so no one would take it untill we can't tell next person our password.
Paper currency have big problem of transaction. He has to go through bank long process and than able to send it but in Cryptocurrency it take few seconds.
Tax problem bank always change a lot of tax for particular countries. But in Cryptocurrency is like your own money not property of government so transaction fee is same for all countries.
No fraud, no money laundering and no terror financing all is going on the record. But in paper currency everything is possible.
Conclusion!
Yeah this is ture as Cryptocurrency is rapidly growing I would soon take over dollar. And we would able to trade in more safe zone. And always make investment in BCH this is more best than any other cryptocurrencies. Have many advantages like Easy to buy and sell with less fee.
what is your opinion you can share with me in comments section lets interact and anxiously waiting for your valueable comments.
Thanks for reading and your pricious time. I hope you enjoyed it. And if i made any mistake you can correct me because i am here to learn for all of you!
Regards from Aasi
