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Inside bitcoins the future of virtual currency bitcoin

Inside bitcoins the future of virtual currency bitcoin

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Inside The Cryptocurrency Revolution
Skeptics anticipate a collapse at some point, while true crypto believers see Bitcoin as the currency of the future. The discussions about. Such skepticism fueled the creation of Bitcoin and other crypto assets, which challenged the para- digm of state-supported currencies and the. The dizzying rise of bitcoin and other cryptocurrencies has created new challenges for governments and central banks. Increasing popularity and high levels.

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The Bottom Line. In economic theory, money is said to have three primary functions: a medium of exchange; a store of value; and a unit of account. They enable secure online payments without the use of third-party intermediaries. Existing national currencies can be traded electronically, so what is the benefit of a CBDC?