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Blog iconSrikanth Alva
Jul 13

Are Cryptos "Real Currencies"?

Hold on a Second! Before we answer whether cryptocurrency is real money or not, let’s understand what a currency means. By definition, anything tangible or intangible can be termed currency if it has these functions.Medium of Exchange - The efficiency with which a currency can be exchanged for goods and services.Unit of Account - The ability to price products in a stable measure.Store of Value - The ability to preserve value over a long period with some level of predictability.Now by this def...

Srikanth Alva

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Srikanth Alva
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Srikanth Alva

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