Is crypto money?
Crypto is digital cash.
Although there are a debates about whether crypto qualifies as a form of money, it was originally designed for this purpose. In this section, you will learn about how crypto can function as a way to transfer value on the internet.
Is Crypto Money?
Is cryptocurrency a form of money? There are many debates about whether it meets the traditional characteristics for money. But crypto is likely to emerge as a method of payment as we move toward a cashless society.
The U.S. Dollar as a Form of Money
People around the world are familiar with the U.S. dollar as a form of money. But the dollar is just one form of money that has pros and cons. That has become clear in the year 2022 with the rise of inflation.
Bitcoin
Bitcoin was a paradigm shift in the concept of money. Introduced during the financial crisis, Bitcoin proposed a form of peer-to-peer digital cash that is designed to transfer value on the internet.