Evolution Of Money "Crypto Importance"

#Money is that which provides one the ability to make trades. This is just a basic explanation of the core purpose of money.

Over the years, there has been need for a widely accepted form of exchange which can provide both parties deep satisfaction. This is one of the reasons money has various forms.

Experts say for something to be called money it must meet these 3 basic concepts;

1. A medium of exchange

2. A unit of account

3. A store of value.

Overtime, money has transformed from; trade by barter (livestocks etc.), Gold, Coins, Paper currency, Mobile payments & Digital currency (#bitcoin , #BNB etc.). Each with it's own limitations & improvements.

The usefulness of #crypto can't be overemphasized as decentralisation is key.

Let's hear your thoughts below👍

Follow 4 More #news