Friday, March 12, 2021

Adoption of Cryptocurrencies by Countries

How would cryptocurrencies replace traditional money if they are so volatile? As compared to traditional currencies, cryptocurrency tend to fluctuate a lot. During a drastic event such as the Covid pandemic the INR Dollar exchange rate did not fluctuate a lot. Bitcoin and Ethereum on the other hand are now worth about 3 times what they were in 2019. That is what countries would need right ? stability in their courrencies.


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