It's another Edition on the @hivelearners weekly contest, and we were given this topic:
Ever since cryptocurrency became a thing and got the attention of the world, many governments have been against it while others embraced it. What about you as a person? Do you prefer the digital form of money? Or you would rather use physical? Give reasons as well, we would love to know.
For me as a person with the little knowledge i have in Cryptocurrency, i prefer the digital form of money.
It is true that physical money is widely accepted in the world, but one country currency can differ from another.
Taking instance Nigeria, we use Naria and in Ghana they use Ghana cedis, to buy anything in that country, i will need to change my Naira currency to their country currency.
Digital money is straight way, all you need do is transfer money from one wallet to another.
Digital money has strong security.
Unless someone has access to your private keys, it is impossible to take your money, unlike the physical Money where it can be taken from you or you can mistakenly lose.
Transaction charges in digital money is less compared to the physical money.
You can also make your withdrawal anytime or anyday withy any limit as far as there is a smartphone and internet.
Digital money doesn't require you leaving your house to any bank or office, transaction can be done at your convenience.
Digital money can also increase anytime, but physical money is stable. What you hold is what you hold if it don't invest them.
Thank you for reading