Hello hivers, how y’all doing today? Welcome back to another interesting talking point of Week Six Edition Two(w6e2) today I will be writing a blog concerning this very talking point that says PHYSICAL MONEY OR CRYPTO.
Firstly we need to understand what physical money means and how it’s been used, physical money is a legal tender or coin, let me say bank note in other words, that can be used to exchange with goods and services and also offset debts while Crypto is a digital currency or any form of money that exists digitally that has no issuing or regulating authority.
Physical Money Or Crypto.
Here you would see some good reasons why I prefer Crypto to physical money.
For me, I rather chose Crypto, why? Because it doesn’t make you feel you have money until you convert it to physical money, presently some people still don’t understand when you tell them you have coin because they are not into it, Crypto saves a lot for you, you don’t spend anyhow, Crypto helps you to track your spending habits. I can only tell you I have coin not in real cash and if you don’t understand what I mean by coin then it’s your business lol,
Sometimes you see something you would like to purchase but since the seller doesn’t use coin you won’t be able to purchase it that moment, what do you do? You forget about it because most times the things we spend money on doesn’t really make sense so Crypto helps to minimize your expenditures that’s how I see it.
Why the government is against Crypto is because they feel it could one day decentralize their financial system and also the government sees Crypto as a means of funding terror and money laundering but who are the money launderers? is it not the government? Well it’s not my fault that I say out what I feel inside all the time, that’s what makes me a blogger, for changes to be made the world must hear what they ought to, that apart.
Physical Money..
Physical money is sometimes preferable to those who runs local businesses daily basis but that doesn’t make it best, with the way banks operate this days always having bad signals, when you send money to someone before they get it, it will take over 10 hours that was even why I have decided to close my First Bank account I don’t enjoy using banks anymore, sometimes you get debited and never reverted and still the receiver won’t still get alert so I consider that as robbery, that one access bank is good at it once you’re been debited and the receiver don’t get alert immediately the money is gone and if you think about the stress of going to bank to fill out a form you won’t even bother, to me I have lost so much money using mobile banking and all of that.
Sometimes I wish could make all transactions using crypto, it is safer for me, just that those in the rural areas may not be able to use it or find it very easy unlike those in the city, however, as the world advances I believe in time to come crypto would take over the world as it’s gradually taking over and so we can be able to save more for the future.
That’s all for now and thanks a lot for your time
See you in my next post.
My shoutout to #hive-learners #hive💯✅