2024-12-25T11:48:47+0800

We know that fiat money is the most widely accepted medium of exchange for goods and services. However, cryptocurrency is also a medium of exchange that has seen quite a lot of traction from businesses accepting payments with crypto. Some of them include Microsoft, Etsy, PayPal, and Starbucks! Some governments, like El Salvador's, have even passed laws making bitcoin legal tender in their state! In this video, we'll explain the similarities and differences between fiat money and cryptocurrency and explore whether crypto will, in fact, replace fiat in the near future. Timestamps: 00:00 Intro 00:51 Medium of Exchange 01:19 Store of Value 01:58 Unit of Account 02:30 Control 03:16 Outro Download CoinGecko App!📱 iOS: https://gcko.io/coingecko-ios Android: https://gcko.io/coingecko-android Follow us! Twitter: https://twitter.com/coingecko Instagram: https://www.instagram.com/coingecko TikTok: https://www.tiktok.com/@coingeckotv Telegram: https://t.me/coingecko Subscribe to CoinGecko's Newsletter! 📩 https://landing.coingecko.com/newsletter/ #fiat #crypto #decentralized #finance #blockchain #cryptocurrency